Crude oil futures were negotiated below Thursday morning after official data showed an increase in the inventories of the United States.
At 9.55 am on Thursday, July Brent oil futures were $ 64.69, in 2.12 percent, and the future raw of June in WTI (West Texas Intermediate) were $ 61.77, 2.19 percent. The futures of May of crude oil were quoted to ₹ 5,295 in the exchange of multiple products (MCX) products that destroy the initial time of Thursday’s negotiation against the previous closure of ₹ 5.418, less at 2.27 percent, and Junste Stofe was negotiated to ₹ 5,278, and June. Below for 2.28 percent.
The data published by the US EIA. To 441.8 million barrels, the US crude oil inventory. Uu. For these it was ABOÑO.
Total motor gasoline inventories decreased by 1 million barrels last week and were approximately 3 percent below the average of five years for this time of the year. Finished gasoline inventories increased and the inventory components mixture decreased last week.
Total products supplied in the US. During the last four -week period they averaged 19.9 million barrels per day, at 1.2 percent since the same period last year. Around the last four weeks, the motor gasoline product supplied averaged 9 million barrels per day, 3.8 percent more than last year. The distilled fuel product supplied averaged 3.7 million barrels per day in the last four weeks, 1.4 percent more than the same period last year. The fuel product for supplied airplanes increased by 6.4 percent compared to the same four -week period last year.
The perspectives of a nuclear agreement of Iran-United States also affected the price of crude oil on Thursday morning. Referring to an interview published in NBC News, a Reuters report said Iran is willing to accept an agreement with the United States in exchange for the elevation of economic sanctions.
Citing Ali Shamkhani, advisor to Iran’s Supreme Leader, Ayatollah Ali Khamei, NBC News interview said. He would either make nuclear weapons, get rid of their high -end tax reserves, agree with the andricked lift only alone, the Ered and Rich of tea agree and allow international inspectors to supervise the process.
Any decision to raise sanctions to Iran would help increase the supply of crude oil to the global market.
Meanwhile, the monthly OPEC oil market report (organization of oil export countries) cut the oil supply forecast for NO OPEC producers. He said that the supply of NO OPEC producers will grow in approximately 0.8 million barrels per day, year after year in 2025, reviewed at approximately 0.1 million barrels per day from the evaluation last month. The main growth drivers are expected to be us, Brazil, Canada and Argentina. The supply forecast of the offer in 2026 of NO Opec producers is also checked at approximately 0.1 million barrels per day to reach 0.8 million barrels per day, with the United States, Brazil, Canada and Argentina as the key drivers.
May Aluminum futures were quoted at ₹ 243.40 with MCX duration the initial negotiation time on Thursday against the previous closure of ₹ 243.95, 0.23 percent.
In the National Exchange of Products and Derivatives (NCDEX), the contracts of May of Jeera were quoted to ₹ 21,550 at the initial time of operations on Thursday against the previous closure of ₹ 21,655, 0.48 percent.
June Guardian futures were quoted ₹ 5,140 in NCDEX at the initial negotiation time on Thursday against the previous closure of ₹ 5,153, 0.25 percent.
Posted on May 15, 2025