Conflicting narratives

ICE Brent prices retreated at 71 $/b. North Sea markets continued to trade sideways compared to futures, as 3 cargoes of crude were still held in floating storage without any buyers. This tallied with a revision in Kpler inventories estimates, pointing to large crude builds over the last days. US imports are forecasted to jump by 1 mb/d w/w, to limit the crude stock draws. 

Conflicting narratives
Share this news :

You might also read :

December 8, 2021

Confidence is back on the rise

A new strong rebound in risky assets yesterday: +2.1% for the S&P 500, +3.4% for the Eurostoxx 50, the VIX plunging to 22, Brent back above $50/b……
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?