Crude oil demand boosts prices

Note: This section contains information in English only.
Source: Dukascopy Bank SA
US oil prices have surged during this week due to the official US inventory data revealing that US crude oil stocks have dropped by 15.4 million barrels, compared to the expected decline of only 1.37 million barrels.

Note that the high demand appears to be priced in already, as the price for US light crude oil has surged almost 23.00% since June 28.



Meanwhile, the UK Brent crude oil price benchmark has gained almost 20.00%.

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