EnergyWatch

Oil prices increase slightly after an unexpected decline in US inventories

US gasoline inventories decreased by 3.2 million barrels last week, while stockpiles of distillates fell by 371,000 barrels.

Photo: /ritzau/Jacob Ehrbahn

Prices on both Brent and WTI crude have increased marginally following an unexpected reduction of US inventories of both gasoline and distillates. Prices on gold and copper have remained more or less stable.

US gasoline inventories decreased by 3.2 million barrels last week, while distillate stockpiles fell by 371,000 barrels, informs the US EIA Wednesday, according to Reuters.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Siemens Gamesa's deep financial woes are halfway self-inflicted

Despite successfully forwarding the external costs to customers, onshore wind projects valued at EUR 2bn are being delivered at zero-profit margins in the years to come, according to the turbine maker’s CEO. Here and there, things might have moved a bit too fast.

Siemens Gamesa drags down majority shareholder

Despite better sales than expected in the gas business, Siemens Energy downgrades its full-year guidance in the wake of Siemens Gamesa’s announcement of potentially massive losses in 2022.

Further reading

Related articles

Latest News

See all jobs