Brent: In the Arena \”Bears\”

Brent barrel went to $ 102.50. It is worth noting that the August contract completed the appeal the day before, September began work. It is slightly lower in terms of value. According to the status of the US Treasury, oil reserves per week in the country decreased by 0.445 million to 426.6 million barrels. The supply of gasoline increased by 3.5 million barrels, the reserves of distillates decreased by 1.3 million barrels. Oil production decreased to 11.9 million barrels per day against 12 million b/s last week.

proposal of raw materials clearly stagnates, at that time How demand is stored. It is unusual that during the period of road travel in the United States, the demand for gasoline is falling. This means that in some cases, Americans could refuse vacations and travel due to high prices for raw materials.

A factor in oil support can be information about the restriction of raw materials for the Keystone pipe from Canada to the United States. The daily bent trading schedule leaves the scenario with consolidation around $ 106, but it is likely to fall to $ 104, from where the “bears” will open the road to $ 101.50.

Leave a Reply

Your email address will not be published.