Crude prices rise as US inventories drop

Oil
April 15, 2021

ICE Brent prompt contract jumped to 66.7 $/b, returning close to 5% on a daily basis, on Thursday as US petroleum markets were getting increasingly tighter, as reported by the EIA.

Share this news :

You might also read :

February 5, 2021

Inventories build but the rally in cracks continues

Brent prompt future contract approached 60 $/b on Tuesday, as Saudi OSPs unveiled the bullish Saudi outlook on prices while holding premiums to Asian customers…

September 2, 2021

Market anticipates ECB monetary tightening

Over the last two days, the German 10 year bond yield has increased by 7bp while the US 10 year is only up 3bp and…

April 8, 2021

European gas prices weakened

European gas prices weakened overall yesterday, pressured by the expected rise in temperatures from today. The drop in parity prices with coal for power generation…

Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Crude prices rise as US inventories drop

You might also read :

Inventories build but the rally in cracks continues

Market anticipates ECB monetary tightening

European gas prices weakened

Simplifying energy markets