22 Mar 2024
International benchmarks for crude oil fell for the third consecutive day on Thursday, 21 March 2024 on speculation that the US gasoline market might have been overbought
The 2405 for May 2024 delivery contract on Dalian Commodity Exchange on 21 March 2024 settled as follows:
21 Mar 2024
Concerns over the demand outlook undermined the latest EIA report on another week of decline in US commercial crude inventories.
Data showed utilization rates among US refiners increased by 1 percentage point from the previous week to 87.8% as the maintenance shutdown season is coming to an end.
20 Mar 2024
Stronger demand and economic growth in China and the United States as well as supply cuts from OPEC+, all contributed to the increase in oil prices.
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