U.S. Gasoline Inventories Sink To 12-Year Lows
تحليل معلومات السوق
مدعوم بالذكاء الاصطناعيUS gasoline inventories have reached 12-year lows, driven by increased demand and reduced supply, which is expected to further drive up oil product prices.
Market impact analysis based on bullish sentiment with 81% confidence.
سياق المقال
Previously, we reported that the pivot by Indian refiners away from Russian oil has triggered a spike in oil product prices even as crude prices remain largely unchanged. To wit, ICE Brent-Gasoil crack spreads doubled from the $15-17/bbl range held in the first half of the year, to a 21-month high above $32/bbl, good for a nearly 70% increase in the year-to-date. Gasoil is a middle distillate mainly used in commercial and agricultural sectors for off-road vehicles, machinery, and generators. And now reports have emerged that the distillates market…
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