Worries about demand continue to weigh negatively on prices
Brent and WTI 1st-nearby prices are trading below $64/b and $61/b respectively this morning. Time spreads are reducing quickly, pointing to strong concern about short-term…
US bond yields weakened on Thursday as US employment data showed signs of a cooling US labour market. US 10Y treasury yields touched 1.67%, 7 basis points below Wednesday. Very strong US manufacturing data boosted growth expectations, with the Dow Jones rising by 1.2%. Japan’s Nikkei also rose by 0.6%. European indices grew similarly by about 0.6%.
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