Hesitation
Hesitation Macro & Oil #78 In the latest EnergyScan podcast on Macro & Oil, Olivier Gasnier explains that the markets are optimistic about a possible US…
Despite the rapid depletion of US commercial crude stocks, crude futures remained range-bound on early Wednesday, at 74.9 $/b at the prompt. US crude inventories may have dipped by 8.1 mb, while US product inventories built at a more marginal pace. Globally, crude stocks dipped last week by a sizable amount, especially in the Middle East, according to Kpler. The OPEC+ technical committee meeting was delayed to Thursday, the day of the OPEC+ ministerial meeting, as some disagreements emerged within the OPEC+ group.
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