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NashIE

986 Posts.

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16/07/20

09:56

Post #: 45900558
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Originally posted by telamelo: ↑

OPEC will roll back production cuts by 2.1 million barrels per day from August.
Crude stockpiles fell 7.5 million barrels for the week ending July 11.
The outsize draw propelledcrude prices up by 2.2%

“Crude prices jumped (after) following both the OPEC+ recommendation to slowly bring back some oil supplies, and after the EIA crude oil inventory report showed a much larger draw and some signs that demand is improving,” said Ed Moya, an analyst at New York’s OANDA.

Another positive for the likes of SXY (I hold) no doubt.

https://m.investing.com/news/commodities-news/oil-jumps-2-as-us-crude-draw-overwhelms-opec-rollback-on-cuts-2230471

Cheers tela

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STO WPL and WEL all due for a rise off this.

Last edited by NashIE: 16/07/20
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