Between American and Chinese reserves, oil remained stable. Oil prices were stabilizing on Thursday as US oil inventories slumped last week after Hurricane Ida hit.

While China has decided to use its strategic reserves, according to the economic press, a barrel of Brent from the North Sea for delivery in November was worth 72.53 dollars in London, down 0.10% compared to the close of the day before. In New York, the US barrel of WTI for October took its side 0.04% to 69.27 dollars. The Chinese announcement concerns millions of barrels that went on sale in July, according to Bloomberg, citing an anonymous government source. The leading importer of crude is seeking to fight against rising energy prices. And signals that the economic giant will not tolerate too high inflation. Data from the US Energy Information Administration confirmed that oil inventories were affected last week by the passage of Hurricane Ida, which paralyzed production and refineries in the Gulf of Mexico and in Louisiana. Crude inventories fell less than expected. On the other hand, gasoline inventories fell by 7.2 million barrels, much more strongly than the 3.3 million expected.