Brent-Dubai swaps show little Asian buying interest

Future crude prices strengthened on Monday to reach 63.5 $/b for ICE Brent prompt month contract, as the Houthis claimed a successful attack on Saudi oil infrastructure in Jeddah, unconfirmed by Saudis authorities. However, physical crude markets continued to weaken globally. Chinese crude data showed the first signs of a refining slowdown. 

Share this news :

You might also read :

ES-oil
July 15, 2021

Potential deal for OPEC+ nations

ICE Brent prompt contracts declined to 74 $/b, from 76.5 $/b between Tuesday and today, as sources within OPEC+ mentioned that a deal was within…
ES-oil
May 12, 2022

War in Ukraine triggers a rebound

Oil made a strong rebound on Wednesday: ICE Brent front month climbed by +4.9% to $107.51/b while NYMEX WTI front month gained +6.0% to settle…
ES-oil
October 11, 2021

Electric spillovers

Futures crude markets continued to rise on early Monday, with WTI crude prompt prices nearing 81 $/b at the prompt while ICE Brent futures climbed…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]