Industry News

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

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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.
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