Large unexpected drops in US stocks reported

Oil
May 5, 2021

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.

Share this news :

You might also read :

April 26, 2021

Optimism after the PMIs and before the Fed & corporate earnings

After a turbulent week, during which it focused on problems linked to vaccines and the catastrophic surge in the pandemic in India, the market seems…

September 21, 2021

Prices up on weak Gazprom transportation capacity booking

European gas prices extended gains yesterday, after Gazprom booked less than half of the monthly transportation capacity offered at the Mallnow entry point from October:…

February 3, 2022

New all-time highs for EUA prices

EUA prices hit a new record high on Wednesday at €94.63/ton intraday for the Dec-22 contract with no fundamental driver at first glance. It should…

Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Large unexpected drops in US stocks reported

You might also read :

Optimism after the PMIs and before the Fed & corporate earnings

Prices up on weak Gazprom transportation capacity booking

New all-time highs for EUA prices

Simplifying energy markets