|2020-08-31 来源： 中国石化新闻网|
冯娟 摘译自 外汇日报
US Crude Rises on Fifth Straight Weekly Supply Drop, Hurricane Laura
Crude oil futures are trading slightly higher midweek after the US government reported the fifth consecutive week of a drop in domestic inventories. Oil prices are also finding support on Hurricane Laura that has forced the suspension of most Gulf of Mexico production and refinery. This comes as US crude touched its best level in five months.
October West Texas Intermediate (WTI) crude oil futures picked up $0.15, or 0.35%, to $43.50 per barrel at 16:32 GMT on Wednesday on the New York Mercantile Exchange. US crude is on track for a monthly gain of around 5%, paring its year-to-date decline to below 29%.
Brent, the international benchmark for oil prices, has been relatively subdued in intraday trading. November Brent crude futures added $0.05, or 0.11%, to $46.34 per barrel. Brent prices have surged more than 32% since May, and they are poised for another monthly surge of 5%. So far this year, Brent is down about 30%.
According to the US Energy Information Administration (EIA), domestic stockpiles decreased by 4.7 million barrels for the week ending August 21. This came in bigger than the market forecast of around 4.3 million barrels. This was also the fifth consecutive weekly decline. Oil inventories at the Cushing, Oklahoma storage facility slipped by 300,000 barrels.
Gasoline stockpiles slipped by 4.6 million barrels, while distillate inventories advanced by 1.4 million barrels.
Last week, the Baker Hughes oil rig count increased surprisingly, from 172 to 183.
The National Hurricane Center elevated Hurricane Laura’s status to a Category 4. The experts are warning that the “life-threatening” weather event might lead to a storm surge, flash floods, and extreme winds in Texas and Louisiana. It is estimated that more than 80% of current crude output in the Gulf of Mexico has been shut-in, as well as more than 60% of natural gas production. The EIA notes that nearly half of the total US petroleum refining capacity is located in the Gulf.
For now, analysts are waiting to see if Laura will do lasting damage to refineries and pipelines.
In other energy commodities, October natural gas futures dipped $0.005, or 0.19%, to $2.591 per million British thermal units (btu). October gasoline futures slid $0.0103, or 0.81%, to $1.2583 per gallon. October heating oil futures shed $0.0115, or 0.9%, to $1.2631 a gallon.