Physical crude trade picks up

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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February 7, 2022

Rates continue to rise

The US 10-yTreasury yield is settling above 1.9%, while European long rates continue to rise after last week’s BoE and ECB meetings. Markets are now…
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