Crude prices record increases of more than 0.50% with the opening of European markets for today’s session, Thursday, November 28, despite the sudden increase in gasoline inventories last week, according to the US Energy Information Administration report issued yesterday, Wednesday, hours before the markets close early today due to the Thanksgiving holiday in the United States of America, as US crude (Nymex) rises by about 0.58% and is trading at levels of $69.12 per barrel, while Brent crude is trading at levels of $73.30 per barrel, up by about 0.65%.
The US Energy Information Administration report issued yesterday, Wednesday, showed a decline in inventories by 1.8 million barrels in the past week ending November 22, compared to expectations of a decline of about 500 thousand barrels. In detail, gasoline inventories rose by about 3.3 million barrels, while expectations were for a decrease of 600 thousand barrels, and distillate inventories, which include heating fuel and diesel, also rose by about 400 thousand barrels.
In a related context, OPEC+ postponed its meeting, which was expected to be held on Sunday, early next week, December 1, which aims to discuss the production strategy, to December 5 due to conflicting travel dates for ministers, according to delegates to the organization, as it is expected that the oil exporting organization and its independent allies led by Russia will postpone increasing oil production for ano
23/12/2024
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