Latest Energy News:
From our company archive. Market commentary reflects its original publication date.
Latest Energy News:
Crude oil inventories in the U.S. decreased by 817,000 barrels for the week ending November 24, as reported by The American Petroleum Institute (API). This followed a significant 9.05-million-barrel increase in the previous week, contrary to analysts’ expectations of a 2 million barrel draw. API data reveals a net build of over 20 million barrels in U.S. crude oil inventories this year. The Department of Energy (DoE) noted a 300,000 barrel rise in the Strategic Petroleum Reserve (SPR), ending a seven-week status quo. Despite OPEC+ discussions, oil prices rose, with Brent crude at $81.68 and WTI at $76.40. Gasoline inventories dropped, while distillates rose. Cushing inventories fell by 465,000 barrels. #drakensbergenergy #diesel #gasoil #gasoline #petrol #commoditytrading #southafrica #morocco #fuelimporters #en590 #opec #opecplus #usinventories #barcelona #houston #uae
oilprice.com/Latest-Energy-News/World-News/US-Crude-Oil-Gasoline-Cushing-See-Inventory-Dips.html