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.
Losses on bond markets worsened sharply yesterday, especially in the US, where the 10y bond yield briefly jumped above 1.6%. The US stock market registered…
The US stock market reached new record-high levels yesterday after the ISM index in services did the same. Economic indicators released over the last few…