European gas prices rebounded
European gas prices increased yesterday, more sensitive to falling temperatures (which are now expected to briefly drop below normal during the weekend) to the rise…
ICE Brent prompt contract eased to 69 $/b, as EIA released a slightly less bullish set of numbers compared to the API survey for the US petroleum market. US crude stocks were still depleted by 8 mb, as refineries ramped up by 0.2 mb/d w/w. Saudi OSPs to Asia for June shipments were set lower compared to last month, with a 30 cents cut on the heaviest crude and 10 cents on the Arab Light flagship crude.
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