Wholesale #energymarketreport from #bcconsultants today - Oil: No Price o Crude oil prices were strongly up close to close yesterday, especially the Brent, as the Syrian crisis was the main driver. However, prices peaked above $117/b for the Brent 1st-nearby yesterday morning. There are back to around $115.5/b this morning, as the intervention in Syria is probably delayed. o Main events: The US government and its allies are still preparing their military strikes against Syria, but they need to define clear objectives before that, while Russia and China are doing their maximum to block this project. As a result, tensions on the oil market eased somewhat, leading to fall in prices. The EIA report showed US crude stocks up 3Mb, much above expectations, but API data had already showed a 2.5Mb increase. Crude stocks increased, as both crude output and imports rose, while crude inputs into refineries edged down
Posted on: Thu, 29 Aug 2013 09:20:55 +0000
Trending Topics
Recently Viewed Topics
© 2015