قالب وردپرس درنا توس
Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Oil jumps on a large raw inventory

Oil jumps on a large raw inventory



  Oil Storage "title =" Oil Storage "/>
</source></picture>
						</div>
<div id=

Crude oil prices rose today after the EIA published its latest oil pressure report, in which the authorities said crude oil stocks fell by 8.6 million barrels a week to 22 February, although they are still exceeds seasonal prices

This is comparable to an increase in stocks of 3.7 million barrels in the previous week.

At the same time, gas reserves fell by 1

.9 million barrels in the reporting period, compared with a decrease of 1.5 million barrels. a week earlier. Stocks of distillate fuel threw 300 thousand barrels a week until February 22, while a week earlier they booked 1.5 million barrels.

The capacity of the refinery last week was 15.9 million barrels per day, compared with 15.7 million barrels. by 9.6 million barrels / h and distillate fuel – 4.8 million barrels. It is 9.5 million barrels a day for gasoline and 4.8 million barrels per hour for distillate fuel. surprises According to the API, the volume of inventory of crude oil amounted to 4.2 million barrels

Meanwhile, the contraction of OPEC continue to positively affect prices, despite the call of President Donald Trump to OPEC to relax, as prices have become too high. After Trump arrived at OPEC, oil prices dropped sharply, which made many traders wonder if the rational rules of the market remained.

Irrespective of the level of stocks in the United States repositories, production continues to grow after a historic maximum. Twelve weeks ago, 12 million barrels ago. This fundamental factor is likely to continue to put pressure on prices no matter how many OPEC cuts. Nevertheless, it will be pressure mainly on prices for light grades of raw materials, while heavy crude oil, which OPEC cuts, and the fact that Venezuela does not sell, rises above.

Irina Slav for Oilprice.com

With Oilprice.com:

Download Free Oilprice App Today


Back to the main page


Source link