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.

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