US RBOB prices lift the global oil complex

Oil
February 23, 2021

Brent prompt future contract rallied to 66.2 $/b, as product buyers aggressively bid gasoline resources in the US to secure to supply in those highly uncertain conditions, lifting the potential for crude prices to rally. The market consensus anticipates steep draws in US petroleum markets.

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US RBOB prices lift the global oil complex

You might also read :

The Iran factor seems to outweigh the Russian risk

Irrational Exuberance?

The end of the lockdown in Shanghai drives prices higher

Simplifying energy markets