Late rebound in European prices
European spot gas prices were mixed yesterday, torn between the opposite effects of downward revision of temperatures and more comfortable pipeline supply. Indeed, Norwegian flows were…
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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