Brent-Dubai swaps show little Asian buying interest

Oil
April 13, 2021

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.

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Brent-Dubai swaps show little Asian buying interest

You might also read :

The equity market looks increasingly nervous

Sharp price drop as tensions on the Ukrainian border eased

EUAs erased Monday’s losses

Simplifying energy markets