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Make jumps on crude petroleum crunching creatures



oil storage

Today, the price of crude oil has increased by the EIA after publishing its latest Petroleum Situation Week Report. According to this, crude oil inventories fell by 8.6 million barrels a week, until February 22, but still five years apart.

This compares with a growth of 3.7 million barrels inventory in the previous week.

At the same time, gas inventories dropped 1.9 million barrels during the period, compared to 1.5 million barrels in the previous week. Destillate fuel inventories were cast more than 300,000 barrels per week on February 22, a week earlier, with a 1.5 million tossed sweepstakes.

Financing lasted 15.9 million bpd last week, a week earlier than 15.7 million bpd, 9.6 million bpd of petrol and distilled production of fuel with 4.8 million bpd. This compares 9.5 million bpd production rates with gasoline and 4.8 million bpd.

Yesterday, according to the prices marketed by the American Petroleum Institute, the market's intention was to calculate the expected inventory, inventory for a week surprise. The API estimated its crude oil inventory at 4.2 million barrels.

In the meantime, OPEC cuts continue to have a positive effect on prices, but Donald Trump, who made the OPEC call, prices was very high for relaxation. According to Trump's OPEP tweet, oil prices have dropped sharply, as many traders are asking them if there is no rational regulation in the oil market.

In any case, inventory levels in United States storage facilities continue to grow, two weeks ago, rising by 12 million barrels. The key factor continues to pressure pressure, regardless of the price prescription. However, above all, the crude crude prices will be pushed especially by heavy crude oil, which is cut by the OPEC and that Venezuelans do not sell.

According to Irina Slav by Oilprice.com

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