Oil prices rebounded, Brent surpassed 86 dollars after US crude oil stocks decreased.

“Oil prices” rebounded, Brent surpassing 86 dollars after US crude oil stocks decreased. As a result, the market is showing signs that the Fed may hold interest rates longer. To reduce the trend of fuel demand in the future

On March 21, 2567, Reuters news agency reported that Oil prices increased on Thursday (March 21). after falling in the previous period This is because US crude oil and gasoline stocks decreased. As a result, the market has signals indicating that the US Federal Reserve Interest rates may be kept higher. To reduce the trend of fuel demand in the future

Brent Crude Oil Futures ContractMay rose 0.6%, or 52 cents, to $86.47 a barrel at 01.55:1.6 a.m. GMT, after falling 20% on Wednesday (March XNUMX). US West Texas Intermediate (WTI) Futures For May delivery, it rose 0.5%, or 45 cents, to $81.72 a barrel. after falling 1.6% in the previous period. The April contract expired Wednesday, down 2.1% at $81.68.

US Energy Information Administration (EIA) reported on Wednesday that Crude oil stocks in the United States which is the world's largest consumer of oil Falling for a second week, oil stocks unexpectedly fell 2 million barrels to 2 million barrels in the week ended March 445, compared with analysts' expectations in a Reuters poll for a 15 gain. barrel

Stockpiles are falling as exports increase and refiners continue to increase activity. Gasoline stocks fell for a seventh week, falling 7 million barrels to 3.3 million barrels and indicating continued strong demand for the fuel. The refinery's capacity increased by 230.8 barrels per day. and the capacity utilization rate increased.

refer : reuters.com