When the bad can be good
A new record for the equity markets in New York, stable bond yields and a falling USD: the market is calmly awaiting the August employment report in…
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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