Analytical Reviews

Bekommen Sie die neuesten wirtschaftlichen Nachrichten von ForexMart, einschließlich Updates aus Finanzmarkt, Zentralbankpolitiksankündigungen, finanzielle Indikatoren und andere relevante Nachrichten, die die Branche beeinflussen können.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Oil declined sharply after a significant increase


March, 31 2022
watermark Economic news

On Thursday, oil prices showed a sharp decline after the publication of the weekly report on oil reserves in the United States. In addition, traders are waiting for Washington to announce measures to support American consumers amid rising energy prices.


Brent oil quotes fell from the level of $112 per barrel to $105.12 in just a few hours. By Thursday morning, the price had recovered somewhat to $107.22 per barrel. The cost of North American WTI oil decreased from $108 to $100.55 per barrel. The current WTI quote is $102.56. 


Today, the White House is to present a package of measures aimed at reducing energy prices on the American market. The Biden administration is considering releasing approximately 1 million barrels of oil per day from U.S. strategic reserves within a few months to combat rising gasoline prices and supply shortages.


At the same time, analysts note that the rise in prices and other problems caused by the Ukrainian crisis are of a medium- and long-term nature, while the release of oil from strategic reserves is only a short-term solution.


Another factor influencing the oil market was yesterday's report from the US Department of Energy, according to which commercial oil reserves in the country fell by 3.45 million barrels per week. Experts expected a less significant decrease – by 2 million barrels. 


At the same time, gasoline reserves increased by 785,000 barrels and amounted to 238.83 million barrels, distillate reserves increased by 1.4 million barrels to 113.53 million barrels. Analysts predicted a decrease in gasoline stocks by 1.6 million barrels and a drop in distillate stocks by 1.5 million barrels.


hinterlassen

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.