A bit of calm after a hectic week
Volatility has been quite strong on financial markets last week, with the Fed minutes in the middle of the week and huge price variations on…
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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