18 Nov 2024
On the supply side, the International Energy Agency (IEA) has projected a significant global oil surplus of over 1 million barrels per day in 2024, primarily due to weaker Chinese demand.
The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 18 November 2024 settled as follows:
15 Nov 2024
The US Energy Information Administration reported a sharp drop in gasoline inventories, down 4.4 million barrels last week—significantly lower than a forecast in a Reuters poll,
Crude imports averaged 6.5 million barrels per day (bpd) during the reporting week, marking an increase of 269,000 bpd from the previous week. This is in addition to domestic oil production levels of 13.4 million bpd.
The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 15 November 2024 settled as follows:
14 Nov 2024
Global crude oil benchmarks closed higher on Wednesday, November 13, 2024, in a volatile trading session as market participants assessed conflicting reports on potential supply risks stemming from Middle East tensions.
The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 14 November 2024 settled as follows:
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