Crude prices fluctuate according to Suez canal news

Oil
March 26, 2021

Crude oil prices have registered up-and-down moves since the container ship blocked the Suez canal. Yesterday they were down, but are already rebounding. Brent 1^st-nearby prices fell from around $64/b to $61/b and are now trading near $63/b. The general sentiment is better (see the Daily Eco) and supports this rebound, but there is also the fact that traffic through the canal may not resume before the end of next week.

Share this news :

You might also read :

February 1, 2021

Saudi OSPs expected to fall

Brent prompt month futures remained range-bound on early Monday, as newly implemented European travel restrictions were anticipated to reduce gasoline and jet demand in February.…

May 9, 2022

G7 countries to halt import of Russian oil

Oil benchmarks climbed on Friday : NYMEX WTI front month posted at 1.4% gain to end the week at $109.77/b and ICE Brent front month ended…

January 3, 2022

Sharp price drop end December on mild weather and higher LNG supply

European gas prices dropped significantly end December, pressured by lower heating demand (as temperatures rose significantly above normal) and higher LNG supply. Indeed, the moderation…

Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter