ICE Brent prices climbed to 73.8 $/b as Iranian talks held on Sunday yielded no outcome. West African barrels are now in demand, as parts of the August loading programmed were bid by European refiners, ahead of the fuel demand recovery. CFTC positioning is showing signs that the financial community is increasingly long crude futures contracts, and open interest is rising.
Brent first nearby prices are hovering above the $100/b mark this morning after touching an intraday low at $98.41b yesterday. They remain pressured by the…
After a strong start, Brent prices turned slightly negative on Tuesday afternoon and touched an intraday low at $104.53/b, pressured by a stronger USD following…
European gas prices dropped strongly yesterday, pressured by weaker Asia JKM prices (-20.88% on the spot, to €66.335/MWh), which implies LNG supply to Europe will…
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