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US crude stocks highest since June 2021 as fuel demand falls — EIA

The Edge Markets LogoThe Edge Markets2w ago

US crude stocks highest since June 2021 as fuel demand falls — EIA - The Edge Markets

Quick Summary:

Net US crude imports fell by 1.79 million barrels per day, the EIA said.

US gasoline stocks rose by 1.8 million barrels in the week to 232 million barrels, the EIA said.

US crude futures rose by more than US$1 to a session high of US$81.23 on Wednesday morning, before paring gains.“The increase was much smaller than anticipated and that’s raising concerns about tightness in supply,” said Phil Flynn, analyst at Price Futures Group.


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Category: InvestingFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-25 @ 17:50:00 (2 weeks ago)

News Timezone: GMT +8:00

Ranking: #1152 (out of 10177 stories this day)

News Source URL: news.google.com

Language: English

Article Length: 436 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Edge Markets

News ID: 4790577

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Main Topics: InvestingFinance

Official Website: theedgemarkets.com

Update Frequency: 16 posts per day

Year Established: 1994

Headquarters: Malaysia

News Last Updated: 8 hours ago

Coverage Areas: Malaysia

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Publication Timezone: GMT +8:00

Content Availability: Local / Regional

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Publisher ID: #17

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