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-gas
November 10, 2021

Prices down on higher Russian supply

European gas prices dropped yesterday as the long-awaited rise in Russian flows seems to materialize. Indeed, Gazprom said yesterday it had started to implement a…
ES-oil
January 21, 2022

Nymex Heating oil temporarily scales back

The EIA data release continued to show a weekly deficit in US total stocks despite builds in commercial crude and gasoline inventories. Still, implied demand…
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]