Crude prices rally, supported by product markets

  • Oil

Brent prompt futures reached 59 $/b on early Thursday, despite a rally in the dollar as global inventories dwindled and OPEC+ member were renewing their commitments towards a swift market rebalancing. However, the crude draws in the US were combined with a surge in gasoline stocks, as US demand continues to disappoint. 

Share this news :

You might also read :

ES-gas
March 24, 2021

Late rebound in European prices

European spot gas prices were mixed yesterday, torn between the opposite effects of downward revision of temperatures and more comfortable pipeline supply. Indeed, Norwegian flows were…
ES-gas
December 16, 2021

Bulls keep control of EU gas markets

European gas prices continued to strengthen on Wednesday, supported by cold, dry and not really windy weather forecasts for next week. Dwindling gas stocks and…
ES-gas
March 7, 2022

Prices rose to all-time highs

European gas prices rose to new all-time highs on Friday. Although Russian supply continues to flow (even increasing to 267 mm cm/day on average on…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
Thank you for subscribing to our newsletter​

We will get back in touch with you soon.

Don’t forget to follow us on twitter!

Twitter
EnergyScan - Newsletter subscription
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]