Around The Barrel – Crude Oil and Gasoline Outlook as Storage Continues to Tighten

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  • 30 May '22 at 7:06 am #37664
    TradersCom
    Keymaster

    Crude prices continue to rise in Europe as German Chancellor Scholz on oil embargo

    “I am optimistic that Europe will continue to stand together against #Russian aggression
    Everything I hear points towards a consensus”

    01 Jun '22 at 1:00 pm #37821
    TradersCom
    Keymaster

    Crude oil futures settle at $115.26 Up $0.59 or 0.51%

    The low for the day 114.58. The high for the day 117.87.

    03 Jun '22 at 8:28 am #37927
    TradersCom
    Keymaster

    Crude oil trades back above $118 after yesterday’s OPEC and EIA events taking up energy stocks.
    $CL_F trades 118.27

    Weekly high on Tuesday at $119.96

    05 Jun '22 at 9:27 am #37587
    TradersCom
    Keymaster

    The EIA reported total US gasoline inventories are at their lowest May level since 2014 as we head into Summer driving season. U.S. continues to drain
    [See the full post at: Around The Barrel – Crude Oil and Gasoline Outlook as Storage Continues to Tighten]

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