Industry News

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

Views : 133
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 >>
Public consultation opens for Fujian Bangte’s stainless steel pipe expansion project Public consultation opens for Fujian Bangte’s stainless steel pipe expansion project
May .15.2025
Public consultation opens for Fujian Bangte’s stainless steel pipe expansion project
Tata Steel has Rs 15,000 crore capex plan for FY26 spanning India, UK, Netherlands operations Tata Steel has Rs 15,000 crore capex plan for FY26 spanning India, UK, Netherlands operations
May .15.2025
Tata Steel has Rs 15,000 crore capex plan for FY26 spanning India, UK, Netherlands operations
Rio Tinto to launch Simandou iron ore shipments in Nov Rio Tinto to launch Simandou iron ore shipments in Nov
May .15.2025
Rio Tinto to launch Simandou iron ore shipments in Nov
Iron ore prices break through $102 mark Iron ore prices break through $102 mark
May .15.2025
Iron ore prices break through $102 mark