Crude prices rally, supported by product markets

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-economy
March 18, 2022

Clouds are gathering again

The equity market rally has continued in the US, but has already started to stall in Europe. The first reason is that the rebound was…
ES-power
July 1, 2022

EU power prices move further north

Bulls kept control of European power curve prices on Thursday with concerns over poor nuclear availability pushing France Q4-22 base and peak prices to new record highs…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

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!

EnergyScan - Newsletter subscription

Don’t have an account yet? 

[booked-calendar]