Around The Barrel – Oil and Gas Traders Outlook for The Week Ahead

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  • 11 May '23 at 1:01 pm #58395
    TradersCom
    Keymaster

    NYMEX WTI June Crude #Oil Futures Settle $70.87 down $1.69 or 2.33%.
    Volume 309,576
    Open Interest 234,328
    1 Day Range 70.63 – 73.50
    52 Week Range 63.57 – 123.68

    11 May '23 at 1:37 pm #58400
    TradersCom
    Keymaster

    US Energy Sec. Granholm said the US will seek to purchase oil for the SPR after congressionally mandated sale ends in June.
    – WTI futures move higher to 71.44 after settling $70.87.
    via RTRS @SecGranholm

    12 May '23 at 8:30 am #58004
    TradersCom
    Keymaster

    US crude oil inventories rose +2.951Mbbls last week the EIA reported. Products drew heavily, Gasoline -3.167Mbbls and Distillate -4.170Mbbs in invento
    [See the full post at: Around The Barrel – Oil and Gas Traders Outlook for The Week Ahead]

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