September 07, 2023 16:59 GMT
Crude Falls Below $90/b
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.