West Texas and Brent crude prices rise From the lower US crude oil inventory
+ West Texas and Brent crude oil prices rise After the US Energy Information Administration (EIA) reports the amount of crude oil inventories. For the week ended Feb 5, ’64, down 6.6 million barrels to 469 million, with a third-week decline, in contrast to analysts’ estimate of 985,000 barrels.
+ Saudi Arabia and OPEC Group Plus Downgraded the production capacity of 1 million barrels / day to 8.125 million barrels / day. Starting from February 1, 64 until the end of March 64
+ The Speaker of the US House of Representatives expects that Congress will be able to vote to approve a stimulus to heal the US citizens. And business sectors affected by the COVID-19 epidemic before March 15, the date that measures to help the unemployed affected by COVID-19 expire.
Gasoline price
Dropped more than Dubai crude oil prices. After the increase in supply from the increase in production capacity in Japan. Together with the gasoline inventory in the US Rising
Diesel fuel price
Increased against the price of Dubai crude. Due to the decline in Japanese exports of diesel. Together with the annual maintenance shutdown of the refineries in the region Causing the supply to decline
Source: Thai Oil
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