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By Anthony Harrup U.S. crude-oil inventories likely fell last week, while stocks of gasoline and distillate fuels are expected to have risen, according to a survey by The Wall Street Journal.... -December 12, 2023 at 01:05 pm EST - MarketScreener
Despite the OPEC+ supply curbs, prices have slipped nearly 11pc since the settlement on Nov 29
However, several indicators suggest demand is chugging along nicely.
U.S. gasoline futures dropped to their lowest level in two years on Wednesday after the Energy Information Administration reported a larger-than-anticipated build in the motor fuel's stockpiles. ... -December 06, 2023 at 02:10 pm EST - MarketScreener
In the end, Saudi Arabia may have only one option: Launch a supply war by flooding the market with oil.