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Oil prices mixed as coronavirus concerns undercut support from lower U.S. crude stocks

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ایران اخبار اخبار

ایران آخرین اخبار,ایران سرفصلها

Oil prices were mostly flat on Thursday, as a boost from lower-than-expected U.S. crude stocks that lifted the market to five-month highs in the previous session gave way to fuel demand concerns amid rising coronavirus infections.

A 3D printed oil pump jack is seen in front of displayed stock graph in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration

The two benchmark contracts rose more than 1% on Wednesday to their highest since March 6, completing a four-day rally, after the Energy Information Administration reported a much bigger than expected drop in U.S. crude stockpiles. [EIA/S] EIA data showed distillate stockpiles, which include diesel and heating oil, climbed to a 38-year-high, and gasoline inventories unexpectedly rose for a second week in a row.

The U.S. EIA calculated gasoline demand remains around 8.6 million barrels per day, around 10% lower than a year earlier, just as the U.S. driving season, which ANZ Research called the “world’s biggest seasonal demand period”, was winding down.

 

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This shows how we are fooled by them

Kremlin must for printing new stocks of local currency ( weighted in couple of thousands tones )

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ایران آخرین اخبار, ایران سرفصلها

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Oil prices at five-month high on big drop in U.S. crude stocksOil prices rose to their highest since early March on Wednesday after data showed a big drop in U.S. crude inventories, although concerns that mounting coronavirus infections will lead to reduced fuel demand capped gains. Make the most of this you permabull vested interest charlatans Driving season more than half way through. Supply increasing. Demand not coming back fully. Storage still an issue going forwards. And don't forget another wave of virus in 3 months time. Il vont voir flou ces american's boomer
منبع: Reuters - 🏆 2. / 97 ادامه مطلب »

Oil company Allenco and its leaders face criminal charges over deteriorating wellsOfficials say the inactive Allenco drilling site near USC continues to pose a potential risk to public health and safety. Oh well Does this really surprise anyone ?
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