Stocks diverge

Oil
April 14, 2021

ICE Brent prompt contract reached 64.43 $/b as US stocks showed draws in crude and distillate inventories, while gasoline built by 5 mb. Japanese crude oil stocks jumped by 6 mb last week, to reach 70 mb. The continuously weak runs and supportive crude oil imports are pushing Japanese inventories higher. The weakening of the dollar also helped dollar-denominated commodities.

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Stocks diverge

You might also read :

Financial markets caught between hopes of stronger fiscal stimulus in the US and prolonged lockdown in Europe

Demand concerns drag crude prices down

EUAs faded on UK auction

Simplifying energy markets