Around The Barrel – Crude Oil and Gasoline Inventories Outlook

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    EIA reported large builds in crude and distillate…


    Helmholtz Watson

    Oil Prices at 3-Week High

    Oil prices rose for the 5th session on Tuesday amid expectations that demand will start to improve as several nations in Europe and Asia and some US states began to ease COVID-19 lockdown measures.

    YEsterday Genscape reported a 1.8 million barrel increase in inventories in Cushing, Oklahoma, last week, a sign that the build-up in stocks was beginning to slow. WTI increased nearly 20%, hitting a session high of $24.5 a barrel, and the Brent crude jumped above $30 a barrel.

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