A bit of calm after a hectic week
Volatility has been quite strong on financial markets last week, with the Fed minutes in the middle of the week and huge price variations on…
Brent prompt contract traded higher on Tuesday morning, as European physical crude prices, especially Russian Urals, edged higher compared to Brent, at a 70 cents discount, as sour crude supplies for European customers are becoming increasingly scarce. However, sour crude markets continued to weaken in Asia, as ESPO cargoes were reportedly sold at a single-digit premium to the Dubai benchmark. The Keystone XL pipeline from Canada to the US is reportedly at risk, under a Biden administration.
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