Prices posted additional increases
In a session with low liquidity as the UK market was closed, European gas prices maintained their uptrend yesterday, still supported by tight fundamentals. The…
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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