Spreads carrying the oil complex
Crude prices corrected in the early morning, likely due to spillover effects of an Asian equity selloff, amid concerns over the Chinese housing market. Indeed, the…
ICE Brent crude prompt contract remained under pressure, at 62.7 $/b, as gloomier economic prospects and low volatility dented financial flows in the market, with money managers exiting the market at a fast pace. Indian refined product sales declined by 0.1 mb/d in March when it is usually a strong month for Indian oil demand.
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