News on March 20: The Saudi Ministry of Energy reported on the 19th local time that an oil facility in Saudi Arabia was attacked by a drone. Higher oil prices. Saudi Arabia said drones struck an oil facility in the capital Riyadh on Friday and caused a fire, Al Jazeera reported, although authorities did not reveal the name of the facility. Tensions have increased in the Middle East. Earlier this month, warplanes from the Saudi-led coalition dropped bombs on Yemen’s rebel-held capital Sanaa. The attack follows attacks on oil and military facilities in Saudi Arabia believed to have been carried out by Iran-backed Houthi rebels.
Data released by the U.S. Energy Information Administration (EIA) showed that crude oil inventories increased by 2.396 million barrels in the week ended March 12, the fourth consecutive increase, and the increase was slightly lower than market expectations. 2.7 million barrels. Previously, the American Petroleum Institute expected inventories to fall by 1 million barrels. Refined oil and gasoline inventories also increased slightly by 255,000 barrels and 472,000 barrels respectively, while the market had expected the inventories of these two oils to decrease by 2.6 million barrels and 3.5 million barrels respectively. Increases in refined oil and gasoline inventories reflect U.S. refineries’ recovery from February’s cold snap. Capital Economics noted in a report that refineries are “rapidly resuming production” and said that “despite refinery resumption, U.S. crude oil inventories continued to increase last week.”
As of At the end of the day, the price of light crude oil futures for April delivery on the New York Mercantile Exchange rose by $1.42 to close at $61.42 per barrel, an increase of 2.37%; the price of London Brent crude oil futures for May delivery rose by $1.25 to close at $61.42 per barrel. at US$64.53 per barrel, an increase of 1.98%.
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