Prices sharply up as Russia launched strikes on Ukraine
European gas prices continued to increase yesterday, still supported by rising tensions in Ukraine. At the close, NBP ICE March 2022 prices increased by 22.340…
ICE Brent prompt prices jumped to 69.5 $/b, as the API survey showed a total decline of 16 mb. Due to large stock draws in gasoline and diesel stocks, combined with record-high prices for biofuel blending components, the US product cracks continued to rise, with RBOB gasoline cracks close to the 25$/b mark.
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