Bond yields continue to fall despite a good US job report
The easing in bond yields that began after the Fed meeting and especially the Bank of England’s decision to postpone monetary tightening continued on Friday…
Brent prompt future contract slipped back to 65.3 $/b amid a significantly more bearish API release than expected. US crude stocks grew by close to 1 mb, as refining runs collapsed by 2 mb/d. Only distillate stocks drew at a rapid pace. US crude oil output is restarting at a faster pace than refining, as most producers and pipeline operators in the Permian are back to normal conditions. Russian crude and condensate output reached 10.09 mb/d in February so far, down from about 10.2 mb/d in January.
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