European prices keep steady on cold temperature forecasts
European gas prices rebounded on Tuesday, supported by colder temperature forecasts for early April, concern over potential delays in LNG deliveries due to the Suez…
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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