Brent Crude Futures Rose 34 Cents, OR 0.5%, to $ 68.02 a Barrel by 1055 GMT. Us West Texas Intermediate Crude Gained 35 Cents, OR 0.5%, to $ 65.27 a Barrel.
Both Benchmarks Climbed Nearly 1% on Wednsday, Recovering from Losses Earlier in the Week after data showed resilient us demand. Brent futures are trading below their close of $ 69.36 on June 12, The Day Before Israel Started Air Striks on Iran.
Investors are shifting their focus to macroeconomics and oil balances, while monitoring the israel -ran truce, said PVM Analyst Tamas Varga.
UBS Analyst giovanni staunovo said oil priss Had tracked equity markets
Us Crude Oil and Fuel Inventories Fell in the Week to June 20 as Refining Activity and Demand Rose, The Energy Information Administration said on Wednsday. [EIA/S]
Crude Inventories Fell by 5.8 Million Barrels, The Eia Said, Exceding Analysts’ Expectations in a Reuters Poll for a 797,000-Barrel Draw.
Gasoline Stocks Unexpectedly Fell by 2.1 Million Barrels, Compared with Forecasts for a 381,000-Barrel build as Gasoline Supplied, A Proxy for Demand, Rose for Demand, Rose to Its Highest Level Sinche December 2021.
On Saturday, Igor Sechin, The Head of Russia’s Larget Oil Producer Rosneft, SAID OPEC, Which Groups the Organization of the Petroleum Exporting Couts and Allies Including Russia, Under CORING FORDING RUSISIA Its output hikes by Around a year from an initial plan.
Meanwhile, US President Donald Trump Hailed The Swift End to War Between Iran and Israel And Said Washington Bold Likely Seek A Commitment from Tehran to End Its Nuclear Ambations AT TALKS WITH INIANANANA Officials Next Week.
Trump also said on Wednsday that us was maintaining maximum pressure
6
Discover more from gautamkalal.com
Subscribe to get the latest posts sent to your email.
Be First to Comment