Empty oil reservoirs for rent in the West Texas oil futures point in Katchen Oklahoma for the first time since the Corona pandemic, as an early July.
According to Arab Net, this is a new reference to the recovery of oil demand, after long months of total tanks.
A storage capacity is available for about 1.4 million barrels of oil at a cost of 12 cents per barrel per month, according to Tank Tiger.
This cost is less than 80%, about 60 cents per barrel per month, when the storage capacity was almost no.
In addition to the recovery of demand, which contributes to the use of stored oil is that the concentration of rock oil producers should balance their books and promote returns for shareholders instead of increasing production that remains less than 15% over the peak last year.
In a related context, futures contracts rose on Friday, unlikely losses and a fourth weekly gain after Sources in OPEC said. The organization expects limited growth for US oil this year despite rising prices.
Sources in OPEC said officials of the Petroleum Exporting Countries had obtained experts on the sector on US production expectations. This organization is given more market management capability before a potential increase for rock production in 2022.
Brent crude futures increased 43 cents equivalent to 0.6%, to $ 73.51 a barrel at settlement. The western Texas crude climbed 60 cents or 0.8%, to $ 71.64 a barrel.
The crude scores recorded a weekly calculated by about 1%.
