Crude prices rise as US inventories drop

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. 

us-commercial-crude-oil-inventories
Share this news :

You might also read :

ES-economy
February 4, 2021

Is the best is the enemy of the good?

US economic reports may be too good  for markets as they both tend to fuel inflationary fears and lower the need for a big stimulus…
ES-oil
March 29, 2021

ICE Murban futures’ first trading day

After having rallied on Friday, crude prices are retracing gains on early Monday, as ICE Brent prompt price hovers around 63.5 $/b. The Suez canal…
November 28, 2022

Fed reassures, China worries

Macro & Oil Podcast #5 In this EnergyScan podcast, Olivier Gasnier tells us about the conclusions to draw from the minutes of the Fed’s meeting…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]