US Gasoline Futures Rise to Over 6-Week High
I'm PortAI, I can summarize articles.
US gasoline futures have risen to over $2 per gallon, the highest level since September 26, driven by the approaching winter heating season and declining inventories. Gasoline stocks decreased by 4.73 million barrels in the week ending October 31, significantly more than expected. Additionally, US sanctions on Russia have restricted fuel exports, contributing to price support. OPEC+ has agreed to increase December output by 137,000 barrels per day but will pause further increases in the first quarter of next year.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Trading Economics The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments