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WTI Bounces After API Reports Crude, Gasoline Draw | ZeroHedge

Oil prices edged higher today as traders anxiously await tomorrow's CPI and FOMC risk catalysts for any signals on the trajectory of oil demand.

Energy stocks ended lower on the day while WTI inched up to $78. All eyes on API for cues on whether this rebound in price can be sustained…

API

  • Crude -2.4mm

  • Cushing -1.94mm

  • Gasoline -2.55mm

  • Distillates +972k

Crude and gasoline stocks saw sizable draws last week as did the inventories at the (more…)

Continue ReadingWTI Bounces After API Reports Crude, Gasoline Draw | ZeroHedge

Russia’s Oil & Gas Revenues Surged By 73.5% In January-May | ZeroHedge

Authored by Charles Kennedy via OilPrice.com,

Russia’s budget revenues from oil and gas soared by 73.5% in January-May of 2024 compared to the first five months of 2023, according to data from Russia’s finance ministry released on (more…)

Continue ReadingRussia’s Oil & Gas Revenues Surged By 73.5% In January-May | ZeroHedge