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DB Crude Oil Long Exchange Traded Notes due June 1 2038
2024-05-03 13:29:00 ET
Summary
Crude and product inventories are right around their seasonally adjusted averages for the past five years.
A boom in U.S. production has replaced about one third of what OPEC cut.
Slow growth in China often hits oil prices with a lag of about 12 months and may be among the factors preventing a further rise in global crude prices.
By Erik Norland
At A Glance
Despite ongoing geopolitical conflict, oil prices and volatility are relatively low
A rise in U.S. crude production and weak demand in China are helping oil inventories maintain average levels