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2021-07-28

Oil rises on U.S. fuel drawdowns despite surging coronavirus cases

MELBOURNE, July 28 (Reuters) - Oil prices climbed on Wednesday after industry data showed U.S. crude

Oil rises on U.S. fuel drawdowns despite surging coronavirus cases

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That is about a quarter of the pandemic peak.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil rises on U.S. fuel drawdowns despite surging coronavirus cases</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil rises on U.S. fuel drawdowns despite surging coronavirus cases\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-28 09:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>MELBOURNE, July 28 (Reuters) - Oil prices climbed on Wednesday after industry data showed U.S. crude and product inventories fell more sharply than expected last week, reinforcing expectations that demand will outstrip supply growth even amid a surge in COVID-19 cases.</p>\n<p>U.S. West Texas Intermediate <a href=\"https://laohu8.com/S/WTI\">$(WTI)$</a> crude futures rose 43 cents, or 0.6%, to $72.08 a barrel at 0119 GMT, reversing Tuesday's 0.4% decline.</p>\n<p>Brent crude futures rose 38 cents, or 0.5%, to $74.86 a barrel, after shedding 2 cents on Tuesday in the first decline in six days.</p>\n<p>Data from the American Petroleum Institute industry group showed U.S. crude stocks fell by 4.7 million barrels for the week ended July 23, gasoline inventories dropped by 6.2 million barrels and distillate stocks were down 1.9 million barrels, according to two market sources, who spoke on condition of anonymity.</p>\n<p>That compared with analysts' expectations for a 2.9 million fall in crude stocks, following a surprise rise in crude inventories the previous week in what was the first increase since May.</p>\n<p>Traders are awaiting data from the U.S. Energy Information Administration <a href=\"https://laohu8.com/S/EIA\">$(EIA)$</a> on Wednesday to confirm the drop in stocks.</p>\n<p>\"Most energy traders were unfazed by last week's build, so expectations should be high for the EIA crude oil inventory data to confirm inventories resumed their declining trend,\" OANDA analyst Edward Moya said in a research note.</p>\n<p>On gasoline stocks, analysts had expected a 900,000 barrel decline drop in the week to July 23.</p>\n<p>\"The U.S. is still in peak driving season and everyone is trying to make the most of this summer,\" Moya said.</p>\n<p>Fuel demand expectations are undented by soaring cases of the highly infectious Delta variant of the coronavirus in the United States, where the seven-day average for new cases has risen to 57,126. That is about a quarter of the pandemic peak.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DWT":"三倍做空原油ETN","USO":"美国原油ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","UCO":"二倍做多彭博原油ETF","DDG":"ProShares做空石油与天然气ETF","SCO":"二倍做空彭博原油指数ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154432059","content_text":"MELBOURNE, July 28 (Reuters) - Oil prices climbed on Wednesday after industry data showed U.S. crude and product inventories fell more sharply than expected last week, reinforcing expectations that demand will outstrip supply growth even amid a surge in COVID-19 cases.\nU.S. West Texas Intermediate $(WTI)$ crude futures rose 43 cents, or 0.6%, to $72.08 a barrel at 0119 GMT, reversing Tuesday's 0.4% decline.\nBrent crude futures rose 38 cents, or 0.5%, to $74.86 a barrel, after shedding 2 cents on Tuesday in the first decline in six days.\nData from the American Petroleum Institute industry group showed U.S. crude stocks fell by 4.7 million barrels for the week ended July 23, gasoline inventories dropped by 6.2 million barrels and distillate stocks were down 1.9 million barrels, according to two market sources, who spoke on condition of anonymity.\nThat compared with analysts' expectations for a 2.9 million fall in crude stocks, following a surprise rise in crude inventories the previous week in what was the first increase since May.\nTraders are awaiting data from the U.S. Energy Information Administration $(EIA)$ on Wednesday to confirm the drop in stocks.\n\"Most energy traders were unfazed by last week's build, so expectations should be high for the EIA crude oil inventory data to confirm inventories resumed their declining trend,\" OANDA analyst Edward Moya said in a research note.\nOn gasoline stocks, analysts had expected a 900,000 barrel decline drop in the week to July 23.\n\"The U.S. is still in peak driving season and everyone is trying to make the most of this summer,\" Moya said.\nFuel demand expectations are undented by soaring cases of the highly infectious Delta variant of the coronavirus in the United States, where the seven-day average for new cases has risen to 57,126. 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