Improving outlook for China

Oil
January 27, 2021

Brent futures prices edged higher at 56.3 $/b for the front-month contract, as the API survey reported a sizable draw in crude oil inventories. At the same time, Chinese official statistics on daily coronavirus cases trended lower, at 75. Japanese refinery utilization rates rose back to 80% this week, underlying the heating demand in the archipelago.

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Improving outlook for China

You might also read :

Stocks rebound but (and because) bond yields remain low

Curve prices maintain their uptrend

EUAs hit a fresh record high after reversing from a bearish morning

Simplifying energy markets