The Annual Offshore Oil & Gas Event
logo

The 25thBeijing International Offshore Oil & Gas Exhibition

ufi

BEIJING,CHINA

March 26-28,2025

LOCATION :Home> News > Industry News

Oil edges up following report of tiny U.S. crude stockpile draw

Pubdate:2018-12-29 10:35 Source:liyanping Click:

NEW YORK (Bloomberg) -- Crude hovered near $45/bbl following a U.S. government report showing a fourth straight decline in oil stockpiles.


Futures in New York edged up after the Energy Information Administration reported that U.S. crude inventories fell by 46,000 bbl last week, the smallest decrease since 2011. The decline was viewed positively following the American Petroleum Institute’s reported 6.92-MMbbl crude build on Thursday.


Meanwhile, gasoline stockpiles rose by the most since June, while crude production also increased, keeping price rallies limited.


“We were expecting a pretty meaningful build,” so even though the stockpile decline was small, “it was a bit of a relief for the market,” said Brian Kessens, who helps manage $16 billion in energy assets at Tortoise in Leawood, Kansas. "Oil is largely just trading with the broader market sentiment and a little less on the fundamentals.”


Crude oil and the equity market have swung between large gains and steep losses this week as uncertainty persists over the global economy and turmoil in Washington carries on. Oil is on track for its worst quarterly loss since 2014 amid global growth fears and doubts over the effectiveness of OPEC’s production-cut agreement.


“Year-end trading has been volatile before, and at this moment in time we do not want to be too quick in reading a whole lot into the price action of the last few days,” said analysts at consultant JBC Energy GmbH in Vienna.


West Texas Intermediate crude for February added 25 cents to $44.86/bbl at 11:25 a.m. on the New York Mercantile Exchange. Total volume traded Friday was 17% below the 100-day average. Futures are poised for a 1.6% weekly decline.


Brent for February settlement, which will expire Friday, slid 14 cents to $52.02/bbl on London’s ICE Futures Europe exchange. The more-active March contract fell 17 cents to $52.56. February futures traded at a $7.21 premium to WTI for the same month.


The EIA data also showed gasoline stockpiles climbed by about 3 MMbbl last week and crude production jumped to 11.7 MMbpd. Distillate inventories rose by 2,000 bbl.


主站蜘蛛池模板: 亚洲AV无码一区二区三区在线| 女人又黄的视频网站| 国产成人精品999在线观看| 亚洲国产成人99精品激情在线| 97色偷偷色噜噜狠狠爱网站97| 男人天堂资源站| 大香伊蕉在人线国产最新75| 伊人久久精品无码麻豆一区| 一区二区三区久久精品| 精品久久久久久久久中文字幕| 宅男66lu国产乱在线观看| 公交车上性配合享受视频| 亚洲欧洲日产国码无码久久99| 99re热视频这里只精品| 欧美黄色第一页| 国产美女精品三级在线观看| 亚洲国产精品免费在线观看| 把女人的嗷嗷嗷叫视频软件| 樱花草在线社区www韩国| 国产成人亚洲精品无码车a | 大佬的365天第三季完整视频在线观看 | 久久精品国产亚洲av麻豆| 黄大片在线观看| 日本一卡2卡3卡无卡免费| 啦啦啦中文在线观看日本| 一本色道久久88加勒比—综合| 精品一区二区高清在线观看| 夜栋病勤1一12在线观看| 亚洲欧美成aⅴ人在线观看| 思99热精品久久只有精品| 晓青老师的丝袜系列txt下载| 国产做床爱无遮挡免费视频| 中文字幕理论电影理论片| 精品人妻久久久久久888| 夜夜燥天天燥2022| 亚洲va欧美va天堂v国产综合| 香港三级午夜理伦三级99| 成人免费无遮挡无码黄漫视频| 亚洲香蕉在线观看| h视频在线免费看| 护士好爽好深好多水|