Search results
U.S. crude oil futures calendar spread from March to April 2024 U.S.$ per barrel, contango (-) or backwardation (+), daily and 21-day centred average JanÞ5, 2024
Aug 12, 2021 · Global oil inventories have been falling sharply, and in June, OECD industry stocks plunged by a hefty 50 mb, or 1.7 mb/d, to stand 131 mb below the five-year average. Stock draws could persist for the remainder of the year assuming sanctions continue to shut in Iranian crude.
Jul 31, 2023 · Crude oil inventories at the Cushing, Oklahoma, hub fell by 2.9 million barrels in the week ended July 14, the steepest drawdown since October 2021. The decline comes amid ongoing production cuts...
Jan 13, 2021 · Petroleum inventories held in commercial storage increased quickly as product prices declined, refining profitability decreased, and crude oil demand collapsed. Oil prices fell rapidly and West Texas Intermediate (WTI) futures settled negative for the first time.
US - Crude Oil Inventories. oil reflect changes in oil demand and supply. Oil inventories and oil prices have a of -0.54. Over the past 20 years, data have shown that inventories would increase from February to May as well as from September to November, and decrease from June to August and in December. Inventories usually peak in April or May.
Jan 10, 2024 · Exports and closing inventories of crude oil and equivalents, millions of cubic metres Exports Closing inventories; January 2020: 19.52: 21.02: February 2020
People also ask
Why did US crude inventories drop in a week?
Why did crude oil drop 2.9 million barrels?
Why are WTI crude futures near $84 per barrel?
What uncertainties affect oil and petroleum price forecasts for 2021?
Still, oil posted its fourth consecutive weekly gain, rising about 3%, driven by falling US crude inventories and strong seasonal demand. The US EIA reported a significant 12.2 million barrel drop in US crude stockpiles last week, far exceeding the anticipated 680K barrel draw.
