Surprise rebound in Chinese foreign trade in August
European equity markets caught up yesterday while Asian markets were optimistic for unconvincing reasons: the upcoming departure of the Japanese Prime Minister would pave the way for…
ICE Brent prices approached 75 $/b yesterday after the EIA weekly data release showed further scarcity in the US crude market. Later in the day, crude prices pulled back by the more hawkish than expected Fed meeting which anticipated 2 rate hikes in 2023. Physical markets are increasingly reflecting a tightening balance, as Asian and Mediterranean grades are all rallying.
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