World crude oil prices rose 2.81-3.24% on boost to Mexican oil rig fire – full approval of Pfizer vaccine But US crude inventories fell below market expectations. will be the pressure on the price direction
The foreign crude oil price as of 25 Aug. 64 has changed according to the reference type as follows:
• West Texas (WTI) was at $67.54 a barrel, up $1.90, or 2.81%.
• Brent was at $71.05 a barrel, up $2.30, or 3.24%.
Thai Oil Public Company Limited revealed that crude oil prices increased. After a fire broke out at an oil rig off the coast of Mexico on Sunday. As a result, Pmex’s oil production capacity fell by 421,000 barrels per day, or about 25%, and five employees died, resulting in a decline in crude oil supply in the market.
In addition, the US Food and Drug Administration Full approval of two Pfizer-Biontech vaccines After being approved for emergency use since December last year, and China’s success in fighting the coronavirus, the Delta has boosted confidence in oil demand.
However, after the market closed, the US Petroleum Institute (API) reported the amount of US crude inventories. For the week ending Aug. 20, it fell 1.6 million barrels to 436.0 million barrels, down 2.7 million barrels less than analysts had expected.
