Thursday, July 21, 2022

Oil: Brent and WTI Both Down Over 4%

Seemingly in a continuing response to yesterday's EIA report.

From Trading Economics (also on blogroll at right):

WTI crude futures fell almost 5% to $95 per barrel on Thursday, sliding for the second straight session, weighed down by official data pointing to weaker US gasoline demand despite the peak summer driving season. An EIA report released Wednesday showed US gasoline inventories rose 3.5 million barrels last week, thumping expectations for a 71,000 barrel increase.....
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Here's their quick take on Brent