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Stock and commodities markets
Crude Oil Market Overview
01 June 08:24 AM
Stock exchange news, crude oil. As of May 25 the volume of crude oil supply to American oil refineries has amounted to 15.2 mln. barrels per day. This is 182 ths. barrels per day higher than last week. The use of production capacity has amounted to 89.1 %. Petrol production has risen in comparison to last week, having amounted to 9.2 mln. barrels per day. Distillates production has also risen in comparison to last week, and it currently amounts to 4.6 mln. barrels per day.
The volume of crude oil import has amounted to 9.1 mln. barrels, which is 473 ths. barrels per day higher than last week. For last three weeks the average import of crude oil has amounted to 8.9 mln. barrels per day. This is 199 ths. barrels per day less than during the equal period last year. Last week import of petrol averagely amounted to 796 ths. barrels per day, whereas import of distillates reached 71 ths. barrels per day.
Stocks of crude oil have risen by 2.2 mln. barrels in comparison to last week, having amounted to 384.7 mln. barrels. This is still record high. Total stocks of petrol have reduced by 0.8 mln. barrels, being placed at the bottom line of the middle range, distillate has reduced by 1.7 mln. barrels, and total crude oil stocks have risen by 5.5 mln. barrels in comparison to last week.
Four-week demand for oil products has amounted to almost 18.7 mln. barrels per day, which is 0.1 % less than last year, and demand for petrol has amounted to 8.9 mln. barrels per day, which is 2.6 % less than last year.
According to Commodity Trading Department, mid-term trend remains bearish due to the following:
1) Record stocks.
2) Negative news from Europe: unsuccessful placement of Spanish and Italian debt securities; the leading party of Greece, which is against the agreement of EU creditors and IMF
3) Rising dollar rate
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Apple Reports About Forthcoming Upgrades Of MacBook Air
Japanese Stock Market Goes Red Amid Stronger Yen
Gazprom Sees Income Decline. Possible Threats For Russia?
European Stock Indices Go Red
Apple Is Planning To Patent Social Camera Flash
US Stock Indices Show Weak and Multidirectional Dynamics
US stock indices are trading without any major moves as they cannot find common dynamics. Yesterday, Standard & Poor's 500 dropped down to the local low, which can affect other stock indices. However, most indices are currently trading in the green zone.
Asian-Pacific Indices Go Red
European Stock Indices Go Red On Poor Reports
Brent Comes Close To $105/b.
Investors Should Get Ready For Further Monetary Stimuli
