Financial flows resume

  • Oil

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. 

 
Financial-flows-resume
Share this news :

You might also read :

ES-oil
May 7, 2021

OPEC+ compliance remains poor

ICE Brent prompt contract eased to 68.5 $/b. An OPEC+ internal document showed poor compliance in March, as the cumulative overproduction reached 3.3 mb/d. The…
ES-economy
October 25, 2021

New Covid outbreak in China

While real estate is already expected to weigh negatively on the growth of the Chinese economy in Q4, a new wave of the variant delta epidemic is affecting 11…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]