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HomeBusinessOil/USA: Decrease in gross stocks again stronger than expected

Oil/USA: Decrease in gross stocks again stronger than expected

Meanwhile,

Oil/usa: decrease gross stocks again new: Similarly,

Oil/usa: decrease gross stocks again:

The commercial reserves contracted approximately 3.2 million barrels during the week completed on July 18, while analysts expected a drop of approximately 1.5 million barrels. Similarly,

Oil stocks recorded a larger decline than anticipated last week in the United States. Therefore, due in particular to an increase in net exports. according to information published Wednesday by the American Energy Information Agency (EIA).

Brut’s commercial reserves contracted approximately 3.2 million barrels during the week completed on July 18, while analysts expected a decrease of approximately 1.5 million barrels, according to the median of a consensus established by the Bloomberg agency.

In total and excluding strategic reserve, stocks were established at 419 million barrels, returning to their levels in early July.

The strategic reserve has also decreased, to 402.5 million barrels.

On the other hand. crude oil/usa: decrease gross stocks again new stocks in the Cushing center (Oklahoma). the main oil/usa: decrease gross stocks again WTI delivery terminal in the United States, increased by around 500,000 barrels.

The drop in American reserves is partly explained by a decrease in imports (-6.3%, at the lowest since the end of June) associated with an increase in gross exports (+9.6%).

The reserves were also started by the increase in the activity level of American refineries, which used their capacity at 95.5% against 93.9% during the previous period.

In addition, US gross production has decreased, to 13.27 million daily barrels (compared to 13.38 million).

The quantity of products delivered to the American market, an implicit demand indicator, has also increased significantly (+13.5%), carried by a recovery (+5.6%) of petrol demand – category very followed by operators.

The latter remains under the symbolic bar of the 9 million daily barrels.

Despite these theoretically likely data to support oil/usa: decrease gross stocks again new courses, oil continued to evolve in red on Wednesday.

Around 3:10 p.m. GMT, oil/usa: decrease gross stocks again the Brent of the North Sea barrel, for delivery in September, ceded 0.61% to 68.17 dollars.

Its American equivalent. the barrel of West Texas Intermediate (WTI). for delivery the same month, of which it is the first day of use as a reference contract, abandoned 0.67% to 64.87 dollars.

Oil/usa: decrease gross stocks again new

Oil/usa: decrease gross stocks again

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skylar.dean
skylar.dean
Skylar fact-checks viral wellness crazes, rating each trend with a “spa-day or nay” thermometer.
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