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-oil
November 9, 2021

Summarising Biden’s toolbox

Crude prices remained stable, hovering around 83.5 $/b for the January ICE Brent contract. Expectations of a response from the US administration raised uncertainty in…
ES-economy
April 8, 2021

No nasty surprise with the Fed minutes

The release of the Fed minutes did not have any significant impact on markets, as the overall message remained strongly dovish, in line with consensus…
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]