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Crude inventories fall, oil prices rise

 Last Update: 2022-09-25
 Source: Internet
 Author: User

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A 4.

On gasoline, the EIA reported that U.

By contrast, inventories fell by 3.

In middle distillates, the EIA reported that U.

Middle distillate production averaged 5 million bpd last week, compared with 4.

On middle distillates, the world's top commodity traders warned that diesel shortages are looming over the global economy and could become a systemic problem, according to a Financial Times report this week

The Financial Times quoted Vitol chief executive Russell Hardy as saying: "About half of Europe's diesel is imported from big countries and half from the Middle East, and there is already a systemic shortage of diesel

"Diesel is not just a European problem, it's a global problem," Gunvor co-founder Torbjorn Tornkvist said

Meanwhile, oil prices slowed after surging earlier in the week

Brent was trading at $120.

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Crude inventories fall, oil prices rise

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Oil prices rise first and then fall! OPEC+ is pitted against the White House, and the United States may use crude oil inventories to drive down oil prices