US refinery runs could be depressed for weeks
Brent prompt future contract came back to 63.2 $/b, led by a patchy restart of the Texan oil infrastructure. Damages to refineries appear to be…
Apart from the continued increase in oil prices, the market is fairly calm. The Fed meeting ends today with its traditional press release and Mr. Powell press conference. The likelihood of a really big surprise is very low, but Fed members’ forecasts should nevertheless point to earlier monetary tightening than previously expected. The USD is stable, around 1.2120 vs the euro.
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