Both crude benchmarks are set to recover losses seen on Thursday 4th Jan when prices settled lower on the back of bearish EIA stats which saw gasoline stocks register their highest weekly build in 30 years while at the same time, distillate supplied – a proxy for demand – fell to the lowest level since 1999.
Our team of skilled analysts, by utilising the depth and breadth of Onyx's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.
Both Brent and WTI crude benchmarks on track to end the first week of the year higher.
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- 5 Jan 2024
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Our team of skilled analysts, by utilising the depth and breadth of Onyx's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.