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Praxis Market Update
Nikos Siakavaras, Praxis Energy Agents S.A.
05 Nov 2015 15:43 GMT
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|  Oil prices rose on Wednesday a day after a report showed inventories fell at the Cushing, Oklahoma, delivery hub but gains were capped as investors awaited official U.S. inventory data. Crude oil and oil product data due at 14:30 GMT from the Department of Energy's Energy Information Administration (EIA) is expected to show further stockpiling at a time when the world's largest oil exporters are pumping at record rates to retain market share. Brent December crude futures LCOc1 were up 49 cents at $47.30 a barrel at 1118 GMT, having fallen to their lowest since mid-September on Tuesday and unwinding a rally that took the price to a peak of $54 this month.
Singapore: Demand was average and avails fine. Prompt deliveries possible. The earliest dates for deliveries were from 7th-8th of November.
Fujairah: Avails are fine. Earliest deliveries from 6th-7th of November onwards, according to barge schedules.
Gibraltar: Avails are fine. Earliest deliveries from 8th of November onwards, according to barge schedules. |
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