Financial flows resume

Oil
April 19, 2021

ICE Brent prompt contract remained pegged to 66.5 $/b, as the dollar strengthened. Daily reported coronavirus cases in India were consistently above 200k. The US rig count edged higher by 7 units, as long-dated WTI prices also experienced a significant rise. This tallies with the increase in open interest for Brent contracts, as positive financial flows in the crude oil futures market resumed.

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Financial flows resume

You might also read :

Short-lived price spike in European energy markets

EUAs slightly retreated amid profit taking and weaker energy complex

Prices ease in the hope of an end to the crisis with Russia

Simplifying energy markets