Oil market nosedived following a report on large built-up in US crude stocks

02 Feb 2023 International benchmarks for crude oil slid more than 3% on Wednesday, 1 February 2023 following a report from the Energy Information Agency on a 4.1 million built-up in the US commercial crude inventories last week

02 Feb 2023

EIA: US commercial crude inventories rose sharply as refineries trimmed run rates

The commercial crude inventories in the US rose 4.1 million barrels in the week to 27 January 2023 as refineries in the country trimmed operating rates while net imports climbed.

02 Feb 2023

Dalian Commodity Exchange: 02 February 2023 (Night trading)

The 2301 for May 2023 delivery contract on Dalian Commodity Exchange on 02 February 2023 settled as follows:

02 Feb 2023

Dalian Commodity Exchange: 02 February 2023

The 2301 for May 2023 delivery contract on Dalian Commodity Exchange on 02 February 2023 settled as follows:

01 Feb 2023

Oil inched slightly higher on weaker US dollar

International benchmarks for crude oil inched slightly higher on Tuesday, 31 January 2023 as the US dollar weakened after data showed labour costs increased at their slowest pace in a year

01 Feb 2023

Official data: China’s manufacturing activities unexpectedly revived in January

China’s manufacturing activities surprisingly rebounded in January despite the weeklong Lunar New Year holiday, which officials attributed to the lifting of COVID-19 restrictions.