04 May 2023
International benchmarks for crude oil continued to fall on Wednesday, 3 May 2023 after the Federal Reserve lifted key interest rates by 0.25%, spurring concerns over the economic outlook.
Data from the Energy Information Administration (EIA) showed the commercial crude stocks at 459.6 million barrels, which are about 2% below the five-year average.
The 2309 for September 2023 delivery contract on Dalian Commodity Exchange on 04 May 2023 settled as follows:
03 May 2023
The Chinese economy gained considerable traction during the first quarter as the gross domestic product grew by 4.5% thanks to China’s services sector recording its highest level in over a decade in March
28 Apr 2023
The 2309 for September 2023 delivery contract on Dalian Commodity Exchange on 28 April 2023 settled as follows:
27 Apr 2023
Investors overlook the EIA report on the larger-than-expected decline in US crude inventories to focus on the renewed fears of an impending recession that would plunder the demand outlook.
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