Waiting for Iran
Crude oil prices are levelling off and even retreating a little this morning: Brent 1st nearby is back down to $92/b after touching $94/b yesterday.…
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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