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 price recovery continues

Unexpectedly high inflation rate in Eurozone

Prices fall slightly, but market fundamentals remain tight

Simplifying energy markets