The EIA largely confirmed the API data from yesterday. Reporting inventory draws in crude, gasoline and distillates. At 470 million barrels, commercial crude inventories are about 4 percent above the five-year average for this time of the year.
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Oil Prices Rise As Crude And Gasoline Inventories Fall | OilPrice.comCrude oil inventories in the United States fell by big numbers again this week, shedding 4.346 million barrels, the American Petroleum Institute (API) data showed on Tueday, with analysts expecting a smaller 1.8 million barrel draw.
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Oil Prices Continue Their Climb On OPEC Shock | OilPrice.com“We will never leave this market unattended. I want the guys in the trading floors to be as jumpy as possible. I’m going to make sure whoever gambles on this market will be ouching like hell,” Abdulaziz said in Septemer 2020 when Brent was at $40.
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Get Ready For Higher Prices At The Pump | OilPrice.comU.S. gasoline prices were up slightly week-on-week, with analysts now warning that the OPEC+ surprise production cut could hit at inflation.
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Oil Prices Continue Their Climb On OPEC Shock | OilPrice.com“We will never leave this market unattended. I want the guys in the trading floors to be as jumpy as possible. I’m going to make sure whoever gambles on this market will be ouching like hell,” Abdulaziz said in Septemer 2020 when Brent was at $40.
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