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 :

Crude prices up on expectations of new EU sanctions against Russia

Loose physical crude markets

Prices torn between high LNG supply and the drop in Russia supply through Ukraine

Simplifying energy markets