Financial markets continue to move in tandem with news from the Russian-Ukrainian border. At the end of last week, there was widespread pessimism ahead of…
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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