Xm_p
2022-05-29

[Smile] 

@Ssimsim：
Oil at Highest in 11 Weeks Amid Tight Global Market WTI rose 1.6% this week, posting a fifth straight weekly gain BofA warns of Brent at $150/bbl if supplies don’t recover Oil posted a fifth straight weekly gain to close at the highest since early March on continued signs of tight fuel inventories as Americans head into summer driving season. West Texas Intermediate settled above $115 after trading in a volatile session ahead of the Memorial Day holiday. Drivers are facing soaring costs heading into the peak holiday driving period with gasoline stockpiles at the lowest seasonal level since 2014. New York gasoline futures settled above $4 a gallon first the first time since March 16. Fuel markets have tightened globally following Russia’s Ukraine invasion in late February, which has upended trade flows and fanned inflation. The Biden administration is reaching out to oil companies to inquire about shutteredrefineries, according to a person familiar with the matter.
Oil at Highest in 11 Weeks Amid Tight Global Market WTI rose 1.6% this week, posting a fifth straight weekly gain BofA warns of Brent at $150/bbl if supplies don’t recover Oil posted a fifth straight weekly gain to close at the highest since early March on continued signs of tight fuel inventories as Americans head into summer driving season. West Texas Intermediate settled above $115 after trading in a volatile session ahead of the Memorial Day holiday. Drivers are facing soaring costs heading into the peak holiday driving period with gasoline stockpiles at the lowest seasonal level since 2014. New York gasoline futures settled above $4 a gallon first the first time since March 16. Fuel markets have tightened globally following Russia’s Ukraine invasion in late February, which has upended trade flows and fanned inflation. The Biden administration is reaching out to oil companies to inquire about shutteredrefineries, according to a person familiar with the matter.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet