16 Aug 2024
The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 16 August 2024 settled as follows:
15 Aug 2024
US crude oil imports averaged 6.3 million bpd last week, up by 61,000 bpd from the previous week. Meanwhile, local crude oil output declined slightly to 13.3 million bpd from 13.4 million bpd the previous week.
The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 15 August 2024 settled as follows:
The oil market has experienced significant volatility this week. A sharp rally on Monday was partially reversed the following day, as concerns about a global surplus began to take hold.
14 Aug 2024
However, the surge in imports is not driven by consumer spending, which remains constrained by persistent inflation and high interest rates. Instead, it is a precautionary measure against a potential port strike.
The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 13 August 2024 settled as follows:
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