Stable equilibrium

Oil
January 29, 2021

Brent prompt month contract remained range-bound at 55.5 $/b as the dollar remained supported despite a significant unexpected change in the US macroeconomic indicators. Time spreads edged higher this week, with the front spread reaching 40 cents. This has consequences in terms of inventory release and market positioning but has adverse consequences for refiners.

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Stable equilibrium

You might also read :

Prices increased again, more moderately

The EU made a (non-binding) proposal for a full embargo on Russian energy imports, including gas

EUAs posted gains despite falling gas and power prices

Simplifying energy markets