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Build in stockpiles and record high U.S. oil production

By A/S Global Risk Management.



Michael Poulson, Oil Risk Manager at A/S Global Risk Management. Image credit: A/S Global Risk Management


Updated on 19 Jul 2018 06:15 GMT

Oil markets have fallen over the last week as Saudi Arabia and other members of OPEC and Russia increased production and as some supply disruptions eased.

After a period of tight inventory stock, data on Tuesday from the American Petroleum Institute (API) showed an unexpected rise of over 600,000 barrels in crude inventories. Yesterday, EIA showed a build in inventories with a stockpile rise of 5.8 million barrels last week as U.S. oil production reached record high 11 million barrels per day.

Moving on to financials, world stocks hit a one-month high on Wednesday as strong company earnings and a bullish outlook from the head of the U.S. central bank buoyed the dollar. A strong economy will increase the physical demand for oil. However, in spite of the bullish outlook from the U.S. central bank, some investors are worried about the impact on economic growth and energy demand of the trade dispute between the United States and its trading partners, including China. Slowing trade growth will weigh on physical demand for oil.



A/S Global Risk Management is a provider of customised hedging solutions for the management of price risk on fuel expenses. The company has offices in Denmark and Singapore. For further details about its risk management products and services, please call +45 88 38 00 00 or email hedging@global-riskmanagement.com.






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Uncertainty of supply keeps volatility high
A/S Global Risk Management Ltd.

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