The massive drawdown of crude stocks supports the case for higher Brent

VaselineJuly 2, 2024

0 Less than a minute

The private poll of oil stocks is out, and it’s a monstrous draw:

The official government data is due to leave the US tomorrow morning.

The oil was well supported:

Analysts at Standard Chartered have a target of $90 and above in view:

Fundamentally, we still believe growth can be sustained well above $90/bbl given our estimated Q3 and Q4 global oil balances.

VaselineJuly 2, 2024

0 Less than a minute