Sharp rebound in crude oil prices

Brent 1st-nearby prices posted a $4/b gain yesterday. WTI prices did about the same. They respectively ended the day above $64.5/b and $61.2/b, therefore erasing their losses of the previous day. The main reason was the Suez canal still blocked by a giant ship that has deviated from its course for unclear reasons. Then, the release of the weekly EIA report in the US showed a new rise in inventories but normalization in demand from refineries as well, therefore pushing prices higher.

us-refining-capacity-utilization
Share this news :

You might also read :

ES-economy
December 20, 2021

A gloomy end of the year

The extremely rapid spread of the Omicron variant has led the Dutch government to declare a return to lockdown. The British authorities are also openly raising this…
ES-power
November 30, 2021

EUAs retreated after breaking another record

Strongly pressured by forecasts of surging wind output, the power spot prices dropped in northwestern Europe yesterday, with Germany presenting the largest losses as the…
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]