Crude markets have softened further later in the day, despite a slightly larger than expected US inventory draw, with brent now falling below the $90/b market.

Brent NOV 23 down -1% at 89.67$/bbl
WTI OCT 23 down -1.1% at 86.59$/bbl
WTI-Brent unchanged at -3.81$/bbl
US crude stocks fell by 6.31m bbl in the week ending Sep. 1, according to the EIA Weekly US Petroleum Summary. This is compared to Bloomberg expectations of a 2.351m bbl draw.

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Crude markets have softened further later in the day, despite a slightly larger than expected US inventory draw, with brent now falling below the $90/b market.

Brent NOV 23 down -1% at 89.67$/bbl
WTI OCT 23 down -1.1% at 86.59$/bbl
WTI-Brent unchanged at -3.81$/bbl
US crude stocks fell by 6.31m bbl in the week ending Sep. 1, according to the EIA Weekly US Petroleum Summary. This is compared to Bloomberg expectations of a 2.351m bbl draw.

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Crude Falls Below $90/b