+ Increase in crude oil price Although the US Energy Information Administration (EIA) reported a 1.3 million barrel increase in US crude inventories, overall production of US crude dropped more than 10%, or 1 million barrels per day, to 9.7 million barrels per day. Meanwhile, crude fed to U.S. refineries fell 2.6 million bpd, reaching 12.2 million bpd. Which is the lowest since September 2008
+ From the relaxation of various countries’ lockdown measures As a result, the economy began to recover and demand for oil increased. Which encourages oil prices to rise
– The Petroleum Exporting Countries and the Allied Nations (OPEC +) are expected to relax measures to reduce crude oil production starting in April ’21 due to higher crude prices. The meeting will be held on March 4, 64.
Gasoline price
Dropped following Dubai crude prices. After refineries in Taiwan export more gasoline to the market. While the US gasoline inventory declined.
Diesel fuel price
Dropped more than Dubai crude oil prices. After the supply rose Due to the amount of diesel exports from China And Korea soared
Source: Thai Oil
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