Physical crude trade picks up

Oil
April 9, 2021

Crude oil prices remained stable on Thursday, at 63 $/b for the prompt ICE Brent contract. Looking at refined products, prompt ICE gasoil crack is now above 5 $/b and slow recovery from last month’s slump. Low physical spot prices globally triggered Indian buyers to bid on West African cargoes. Biodiesel prices in the US are likely to remain sustained as supply remains low due to rising prices in alternative agricultural markets.

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Physical crude trade picks up

You might also read :

Brief respite for financial markets ahead of a raft of economic data

The price recovery continues

Weaker Norwegian supply continued to lend support to prices

Simplifying energy markets