US Gasoline markets pricing in a tense driving season
Oil
February 17, 2021
Brent prompt future contract climbed to 63.6 $/b on early Wednesday, as the Texan energy crisis continues to wreak havoc on the state’ oil infrastructure. With the whole Midwest region is also affected by cold temperatures, losses in refining capacity are estimated at 4 mb/d in the US. Japanese crude stocks fell amid a rise in domestic refining runs.
European gas prices increased again yesterday, supported by forecasts of lower temperatures from tomorrow with levels expected to drop significantly below normal next week. While…
European gas prices were mixed yesterday. Spot prices were slightly down, pressured by lower demand. By contrast, curve prices were rather up, more sensitive to…
US equities edged down after their strong rally, but European equities kept on increasing, even erasing all their pandemic losses. Risk appetite was supported by…
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