Capitalize Financial
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Real Estate
  • Cryptocurrency
Capitalize Financial
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Real Estate
  • Cryptocurrency
No Result
View All Result
Capitalize Financial
No Result
View All Result
Home Economy

Record Decline In U.S. Crude Stockpiles Fuels Oil Rally

by capitalizefinancial
July 4, 2021
in Economy
0

Record Decline In U.S. Crude Stockpiles Fuels Oil Rally | OilPrice.com

Surging U.S. fuel demand amid stagnant domestic crude oil production is drawing down American crude inventories at the quickest pace in nearly 40 years.

The record-fast decline in U.S. oil stockpiles has started to reflect in the crude oil futures market, where the American benchmark, WTI Crude, has surged by 50 percent so far this year. The U.S. oil price has also started to narrow the discount at which it trades relative to the international benchmark, Brent Crude.

Re-openings in many U.S. states and the start of the summer driving season have sent gasoline consumption in recent weeks to the highest since the pandemic started. Domestic airline travel is also bouncing back, though passenger throughput at airports is still at some 80 percent of pre-pandemic days. The higher fuel demand in the United States is tightening the market, and these bullish factors for oil consumption have started to become evident in the U.S. oil futures market.

 

continue…

Previous Post

The new circus comes to town: fiery support for Donald Trump at rain-soaked Florida rally

Next Post

The Crypto Daily – Movers and Shakers – July 4th, 2021

Next Post

The Crypto Daily – Movers and Shakers – July 4th, 2021

Search…

No Result
View All Result

Subscribe Us

By clicking on Subscribe, I confirm that I have read and agree to the terms set forth in the Privacy Policy and Terms of Service including Capitalize Financial’s ability to use and share my information and Capitalize Financial, or third-party companies and business partners, may send me offers for products and services at the email address I have provided. I understand that my information may be supplemented with additional information obtained from other sources.

Recent News

Most say nation on wrong track, including Dems: AP-NORC poll

Peaky Blinders: The True Story Behind Alfie’s Uncle Charles Solomons

Categories

  • Business
  • Cryptocurrency
  • Economy
  • entertainment
  • finance
  • Georgia
  • health
  • Markets
  • Music
  • Politics
  • Real Estate
  • receipe
  • Science
  • science
  • Sports
  • Sports
  • Tech
  • Travel
  • World

Site Navigation

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe

Capitalize Financial, a news portal which provides the financial news global wide.

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe

© 2021 Capitalize Financial All Rights Reserved

No Result
View All Result
  • Advertisement
  • Contact Us
  • Homepages
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • World
  • Economy
  • Business
  • Markets
  • Real Estate

© 2021 Capitalize Financial All Rights Reserved