Industry News

Global crude oil futures price supported by low inventory level in US

Views : 108
Update time : 2021-05-27 19:21:57
According to the market news on May 26th, the latest inventory level in the US was lower than last week, with around 1.7 million barrels decrease, the decreasing scale more than the previous prediction from the market.

Moreover, the coming summer also supported the crude oil prices, benefited by the high demand in driving in the US.

From the market, the crude oil futures price for July in the New York Mercantile showed US$66.21/barrel, increased by US$0.14/barrel in a trading day.
Related News
Read More >>
Chinese New Year approaching: Aluminium downstream operating rate drops sharply due to holiday impact Chinese New Year approaching: Aluminium downstream operating rate drops sharply due to holiday impact
Jan .20.2025
Chinese New Year approaching: Aluminium downstream operating rate drops sharply due to holiday impact
Alumina review 2024: Multiple bullish factors resonated, spot alumina prices rose by over 80% Alumina review 2024: Multiple bullish factors resonated, spot alumina prices rose by over 80%
Jan .20.2025
Alumina review 2024: Multiple bullish factors resonated, spot alumina prices rose by over 80%
Spectro Alloys completes phase-one aluminum recycling expansion Spectro Alloys completes phase-one aluminum recycling expansion
Jan .20.2025
Spectro Alloys completes phase-one aluminum recycling expansion
Rio Tinto achieves steady aluminum growth and record bauxite output in 2024 Rio Tinto achieves steady aluminum growth and record bauxite output in 2024
Jan .20.2025
Rio Tinto achieves steady aluminum growth and record bauxite output in 2024