Morning Oil Report 10/01/22

At 10:13 am Singapore time (0213 GMT), the ICE March Brent futures contract was up 7 cents/b (0.09%) from the previous close at $81.82/b, after falling by close to 50 cents/b earlier in the morning.   China is currently battling another outbreak of COVID-19 infections across several states, with the latest being a cluster in …

Morning Oil Report 07/01/22

At 10:26 am Singapore time (0226 GMT), the ICE March Brent futures contract was up 54 cents/b (0.66%) from the previous close at $82.53/b, while the NYMEX February light sweet crude contract rose 53 cents/b (0.67%) at $79.99/b.   Western Canada has been in the middle of a deep freeze for the last two weeks, …

Morning Oil Report 06/01/22

At 10:16 am Singapore time (0216 GMT), the ICE March Brent futures contract was down 87 cents/b (1.08%) from the previous close at $79.93/b, snapping three days of gains that took it momentarily above the key $80/b handle.   US DoE Crude Oil Inventories (W/W) 31-Dec: -2144K (est -3650K; prev -3576K) – Distillate: +4418K (est …