The Limited Times

Now you can see non-English news...

Crude oil futures level off, relieve supply concerns under attack by Saudi oil facility

2019-09-19T03:13:33.485Z


[Singapore 19 Reuters]-Crude oil futures prices have been more or less flat on the 19th. Crude oil prices have fluctuated significantly over the past few days following the attack on Saudi Arabia's oil facilities, but the country's supply is expected to recover quickly


[Singapore 19 Reuters]-Crude oil futures prices have been more or less flat on the 19th. Crude oil prices have fluctuated significantly over the past few days following the attack on oil facilities in Saudi Arabia, but the market is starting to calm down in view of the rapid recovery of the country's supply.

As of 0139 GMT (10:39 am Japan time), Brent futures <LCOc1> is $ 0.08 per barrel = $ 63.68. US WTI <CLc1> is $ 58.23, up 0.12 dollars.

Saudi Minister of Energy Abdul Aziz announced on the 17th that the oil production of Saudi Aramco, a state-run oil company, will recover to pre-attack levels within the month.

Domestic crude oil inventory announced by the US Energy Information Administration (EIA) has increased by 1.1 million barrels from the previous week. Market forecasts were down 2.5 million barrels.

On the other hand, crude oil inventory in Cushing, Oklahoma, the crude oil delivery base, decreased for 11 consecutive weeks.

Source: asahi

All news articles on 2019-09-19

You may like

News/Politics 2024-04-15T07:02:07.160Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.