Hi to all,
Here’s what I have
for this Thursday’s price changes. Due to the fact that there was no published
data for today’s trading, I have made a best “guesstimate” that is probably
low, based on the performance of oil today.
*Heating and stove
oils show an increase of 1.1 cents a litre.
*Diesel shows an
increase of 1.5 cents a litre, and...
*Gasoline shows an
increase of 3.4 cents a litre.
Market highlights
Libyan disruption
bites markets today
Oil showed a steady
increase to day as an important Libyan pipeline went up in flames taking close
to 100,000 barrels of exports offline in a tightening oil market. Brent crude
rose almost $1.20 US a barrel on the news.
Gasoline
inventories up, but not a lot
Gasoline
inventories showed another increase in inventory levels, but with rising
capacity of close on 94%, it didn’t rise as compared to the two weeks previous.
That signalled an increase in demand ahead of the important Christmas travel
season. Demand was shown to have increased as gasoline only increased in
inventories by 1.7 million barrels compared to the previous weeks’ 5.4 million
barrel build.
That’s it for this
week!
Regards,
George Murphy
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