Large unexpected drops in US stocks reported

  • Oil

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.  

us-weekly-stock-change
Share this news :

You might also read :

ES-power
November 9, 2021

EUAs broke above recent resistances on gas gains

The power spot prices fade yesterday in northwestern Europe, weighted by forecasts of higher German wind production, French nuclear availability and hydro generation, although the…
ES-oil
February 21, 2022

The geopolitical context remains the key

Crude oil prices fell back a little overnight, but after rising sharply before a potential Russian attack on Ukraine. The price of Brent 1st-nearby touched…
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
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]