Industry News

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

Views : 195
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 >>
Embraer & Hindalco ink MoU to explore aerospace aluminum production in India Embraer & Hindalco ink MoU to explore aerospace aluminum production in India
Feb .27.2026
Embraer & Hindalco ink MoU to explore aerospace aluminum production in India
Taiwan’s Tang Eng ups stainless steel prices for Mar Taiwan’s Tang Eng ups stainless steel prices for Mar
Feb .27.2026
Taiwan’s Tang Eng ups stainless steel prices for Mar
Taiwan’s Walsin Lihwa raises stainless steel prices for Mar due to rising material costs & recovered market Taiwan’s Walsin Lihwa raises stainless steel prices for Mar due to rising material costs & recovered market
Feb .27.2026
Taiwan’s Walsin Lihwa raises stainless steel prices for Mar due to rising material costs & recovered market
Ansteel Group develops 7,250-meter high-strength 2160 MPa wire rope Ansteel Group develops 7,250-meter high-strength 2160 MPa wire rope
Feb .27.2026
Ansteel Group develops 7,250-meter high-strength 2160 MPa wire rope