Crude prices rally, supported by product markets

  • Oil

Brent prompt futures reached 59 $/b on early Thursday, despite a rally in the dollar as global inventories dwindled and OPEC+ member were renewing their commitments towards a swift market rebalancing. However, the crude draws in the US were combined with a surge in gasoline stocks, as US demand continues to disappoint. 

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Downward correction in Europe

European gas prices weakened yesterday, pressured by the rebound in Norwegian flows, which were back to normal, reaching 351 mm cm/day on average, compared to…
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