Prices dropped as transit through the Suez Canal resumed
European gas prices dropped yesterday, both on the spot and the curve, pressured by the resumption of shipping flows through the Suez Canal after the…
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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