Disappointing US stockpiles lower oil prices

Oil prices drop slightly Thursday morning following a day of otherwise rising prices.

Photo: Thomas Borberg

Prices are pushed down by new figures showing US stockpiles declining less than expected.

A barrel of the European reference oil, Brent, Thursday morning CET costs USD 63.39 against USD 64.07 Wednesday night, while the price was USD 62.92 Wednesday afternoon. The US WTI oil is concurrently traded at USD 56.96 against USD 57.57 Wednesday night. The price for a barrel was USD 56.31 Wednesday afternoon.

Read the whole article

Get 14 days free access.
No credit card required.

  • 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

Danish carbon storage can run at max from day one

TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.

Europe’s carbon price has almost tripled in 2021

European carbon futures rose above EUR 80 a tonne on Friday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Further reading

Related articles

Latest News

See all jobs