Growing divergence between crude and oil products markets
Brent prompt future contract remained pressured, at 63 $/b, as the OPEC meeting cycle started with the JMMC’s technical meeting yesterday. At the same time,…
ICE Brent prompt contracts reached 69.7 $/b, as the dollar’s continued drop boosted dollar-denominated commodities. US jet demand is likely to reach 1.5 mb/d rapidly as domestic passenger checked by the TSA continues to increase.
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