WTI oil closes up 44 cents as stocks of crude oil fall - good economic outlook.

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WTI oil closes up 44 cents as stocks of crude oil fall - good economic outlook.

Príspevok od užívateľa limited » Štvrtok, 8. Apríla 2021, 04:28

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West Texas Crude (WTI) New York crude futures closed overnight (7 Apr) after the US released crude stocks more than expected last week. That investors have a positive view on the global economic outlook
WTI crude oil สล็อตเอ็กซ์โอ contract for delivery in May It rose 44 cents, or 0.7 percent, to 59.77 dollars a barrel.
Brent crude oil contract (BRENT) for delivery in June. It rose 42 cents, or 0.7 percent, to $ 63.16 a barrel.
Crude contracts rose after the U.S. Government Energy Information Administration (EIA) said US crude stocks fell 3.5 million barrels in the week ended Apr. 2, more than analysts had expected. Only 700,000 barrels


This information is consistent with previously reported by the American Petroleum Institute (API). U.S. crude stocks were down 2.6 million barrels in the week ended Apr. 2.

The EIA report, however, showed gasoline inventories rose by 4 million barrels, more than analysts had expected to rise by just 200,000. That includes heating oil and diesel, up 1.5 million barrels last week. More than analysts had expected a 500,000-barrel increase.

Investors have a positive view on the global economic outlook. After the International Monetary Fund (IMF) raised its 2021 forecast for global economic growth to 6% from 5.5% and raised its 2022 forecast to 4.4% from 4.2%.

In addition, the IMF raised its 2021 forecast for the Chinese economy to 8.4% after China successfully controlled COVID-19. Along with raising the UK economy forecast in 2021 to 5.3%, the British economy is believed to be fueled by a fast-moving COVID-19 vaccination.

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