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Oil drops for second day after surprise jump in gasoline stocks
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Another day of falling oil prices as U S gasoline inventory grows
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OPEC+ stalemate a concern oil supply, demand and prices
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US Oil Demand Is Soaring, But Markets Are Focused On Tensions Inside OPEC+
US Oil Demand Is Soaring, But Markets Are Focused On Tensions Inside OPEC+
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Demand for U.S. crude oil and petroleum products remains strong, but markets are keeping a wary eye on tensions between Saudi Arabia and the United Arab Emirates in the OPEC group, analysts told Zenger.
The U.S. Energy Information Administration, part of the Energy Department, offers weekly data on commercial storage levels of crude oil and refined petroleum products such as gasoline. Major wide-spread increases are normally indicative of lackluster demand, while the opposite is true for inventory decreases.
UBS: Oil Demand To Return To Pre-Covid Levels By Q1 2022
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