After the API yesterday
Last week, the EIA
Gasoline stockpiles at the end of last week rose by 700,000 million barrels, the EIA also said, with refineries processing 16.1 million barrels of crude daily, producing 10.2 million barrels of gasoline. The stockpiles of the most popular fuel were above the upper limit for this time of year, the EIA noted, without providing reference figures.
Benchmark oil prices had jumped earlier today on renewed hopes that OPEC will get it together and agree a production cut, but later in the day, European trading
To make things more interesting for oil prices and everyone following them, yesterday Saudi Arabia’s Oil Minister, Khalid Falih,
Also yesterday, BP’s CEO Bob Dudley
At the time of writing, Brent crude was trading at US$47.43 a barrel and WTI was at US$46.29 a barrel.
By Irina Slav for Oilprice.com
More Top Reads From Oilprice.com: