Oil Extends Rally With Brent Nearing $70 After Stockpiles Drop

Bloomberg2021-05-05

(Bloomberg) -- Oil extended a rally after U.S. stockpiles fell and investors applauded reopening drives in the U.S. and Europe that will aid demand.West Texas Intermediate surged 1.2% at the open, the...

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精彩评论

PiggyBubbles
2021-05-05
PiggyBubbles
Bullish gogogo. Give me likey please
CcccL
2021-05-05
CcccL
Whoa!
Class87low
2021-05-05
Class87low
Another cycle
Weeckee
2021-05-05
Weeckee
Hope this can last
Yoxin
2021-05-05
Yoxin
Really!
- Yoxin:
  What to do
- GSHGSH:
  yep
rambutan233
2021-05-05
rambutan233
Gooodddd

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The American Petroleum Institute reported crude supplies fell by 7.69 million barrels last week, according to people familiar with the data. If confirmed by government figures on Wednesday, that would be the largest drop since late January. The API report also showed lower gasoline and distillate inventories.Aiding the outlook for improved oil consumption, the U.S. is setting a new target of 70% of U.S. adults receiving at least one Covid-19 vaccine shot by July 4, while British Prime Minister Boris Johnson said his country’s lockdown rules are will be scrapped in seven weeks. That’s offsetting concerns about weaker demand in parts of virus-hit Asia, including key importer India.U.S. futures have soared by more than a third this year, part of a broad rally across raw materials that’s driven the Bloomberg Commodity Spot Index to the highest level in almost a decade. 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