2024-06-26 00:41:28
The costs of Petroleum rose once more this Thursday, pushed by a rise in US consumption of refined merchandise and a context hardening geopolitical.
The crude North Sea Brent for supply in August rose 0.75% and closed at $85.71 a barrel. West Texas Intermediate (WTI) US maturing in July gained 0.73%, to $82.17.
The WTI has been optimistic for seven periods in eight days of buying and selling, and this Thursday it reached its highest degree for the reason that finish of April, as did the Brent. By Phil Flynn, Value Futures Groupoil benefited from the discharge of the US Power Info Company (EIA) report, which confirmed a 2.5 million barrel contraction in crude oil inventories final week.
In keeping with the analyst, operators have been particularly within the improve in refined merchandise delivered to the US market (+9.6% in a single week)an implicit indicator of demand.
The deliveries of gasoline reached its highest degree in nearly a yr (finish of June 2023).
The information helped reassure the market, which had been elevating doubts in regards to the energy of the American demand.
After an preliminary rebound instantly After the publication of the EIA report, costs They misplaced momentum.
In keeping with Flynn, This was because of profit-taking forward of Friday’s session, which guarantees to be hectic.
That date coincides with the decision Three Witches Day, when by-product contracts on inventory indices and shares expire, which normally causes a rise in volatility. /AFP
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2024-06-26 00:41:28