Crude Above $105 Mark In Asia

29 Apr 2022 , 12:02 PM

West Texas Intermediate crude bounced above $105 levels. Crude prices steadied around the levels as investors weighed up tightening Russian supplies and the prospect of dwindling fuel demand in China amid economic woes. Meanwhile, The EIA noted in its latest weekly update that US crude oil imports averaged 5.9 million barrels per day last week, up by 98,000 barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.0 million barrels per day, 0.3% less than the same four-week period last year.

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