Home Oil: On a recovery path? – Danske Bank

Oil: On a recovery path? – Danske Bank

Published date: 22 Aug. 2018 | 07:48

Analysts at Danske Bank note that the oil prices have recovered some lost ground this week with the price on Brent crude moving firmly back above the USD72/bbl level.

Key Quotes

“The American Petroleum Institute (API) reported yesterday that inventories fell 5mb last week, thus mitigating the impact of the large stock build seen in last week’s data.”

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