EnergyScan

Crude prices fluctuate according to Suez canal news

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 1st-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.

suez canal bloqued
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-oil
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.…
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?  Sign up here!

[booked-calendar]