Jet fuel consumption is expected to pick up with a post-Covid boom in US travel for the end-of-year holiday season. Picture: BLOOMBERG/DAVID RYDER
Brent crude futures gained $0.74, or 0.9%, to trade at $82.94 at 0911 GMT, extending gains of around 2.7% from the previous session. Both benchmark contracts jumped on Wednesday after government data showed US crude inventories fell by much more than analysts had expected, posting a drop of 5.89-million barrels for the week ending on December 16.
Jet fuel consumption is also expected to pick up with a post-Covid boom in travel for the end-of-year holiday season, though transport fuel demand might be reduced if the storm keeps people from travelling.
Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Oil rises on tight US stocks as winter blast hitsUS crude and other reserves drop by more than expected, while snowstorms fuel heating demand
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »
Oil prices steady as drawdown in US crude stocks counters China Covid-19 concernsTop global oil importer's retreat from its zero-Covid policy nonetheless continues to constrain prices from moving higher
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »