Euro at 5-year low against USD
1.0616 at the time of writing, possibly lower by the time of publication. The EUR/USD exchange rate has sunk below its 2020 lows. You have to go…
ICE Brent prompt prices traded at 69.1 $/b on early Monday, after a strong expiry for ICE Brent contracts. Crude stocks globally are dipping at an accelerated rate, in line with seasonal patterns and the start of the driving season. On the refined product side, the divide between tight US markets and rising European stocks are pointing towards divergent trends, while Asian supplies continued to swell, as refining maintenance work eases.
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