Iranian talks adjourned

Oil
June 21, 2021

ICE Brent prices climbed to 73.8 $/b as Iranian talks held on Sunday yielded no outcome. West African barrels are now in demand, as parts of the August loading programmed were bid by European refiners, ahead of the fuel demand recovery. CFTC positioning is showing signs that the financial community is increasingly long crude futures contracts, and open interest is rising.

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Iranian talks adjourned

You might also read :

EUAs continued to surge toward 80€/t

Contraction of industrial activity in China but rebound in services

Macro & Oil Report: Central bank rate cuts: hope revives, but caution remains

Simplifying energy markets