Large unexpected drops in US stocks reported

Oil
May 5, 2021

ICE Brent prompt prices jumped to 69.5 $/b, as the API survey showed a total decline of 16 mb. Due to large stock draws in gasoline and diesel stocks, combined with record-high prices for biofuel blending components, the US product cracks continued to rise, with RBOB gasoline cracks close to the 25$/b mark.

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Large unexpected drops in US stocks reported

You might also read :

Mr. Biden’s inauguration as president marks a return to normalcy

EUA reached new record high amid soaring equities, bullish energy complex and last minute compliance demand

EUA retreated on profit taking after finally reaching the 50€/t psychological level

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