Stocks diverge

Oil
April 14, 2021

ICE Brent prompt contract reached 64.43 $/b as US stocks showed draws in crude and distillate inventories, while gasoline built by 5 mb. Japanese crude oil stocks jumped by 6 mb last week, to reach 70 mb. The continuously weak runs and supportive crude oil imports are pushing Japanese inventories higher. The weakening of the dollar also helped dollar-denominated commodities.

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Stocks diverge

You might also read :

Slight price drop on the curve

Moderate impact of US inflation figures except on the USD which is weakening

Sharp price drop as tensions on the Ukrainian border eased

Simplifying energy markets