Omicron and inflation
There was little change in the financial markets last week. Equity markets ended the year near their highs, long rates continued their very slow rise…
ICE Brent prices hiked to 72.6 $/b, as US diplomats cast doubt on a rapid return to the market of Iranian barrels. The sour crude market hiked significantly over the last week against sweet crude markets. The API survey showed a decline of US crude stocks of 2 mb, while product stocks built by similar amounts. Japanese runs edged lower, while stocks climbed by about 4 mb in the archipelago, as low mobility still impacted the country.
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