US pure Fuel costs rebounded after three days of losses, supported by a smaller-than-expected storage construct. Decrease stock development might sign tighter provide dynamics within the weeks forward, ING’s commodity specialists Ewa Manthey and Warren Patterson word.
Fuel rises as EIA stories smaller-than-expected construct
“US pure Fuel costs settled larger yesterday, ending a three-day streak of downward stress on costs. The Power Info Administration reported yesterday that US pure Fuel storage elevated by 23 bcf during the last week, which was decrease than the 27 bcf enhance the market was anticipating and beneath the 5-year common enhance of 30 bcf.”
