The collapse in refining margins was a prelude to the significant downward correction experienced on Brent and WTI markets. Crude prices dipped by more than…
Crude prices continued to edge lower, at 65.2 $/b, for ICE Brent prompt contract, as reported inventories in the US showed small builds in crude inventories. Markedly lower implied demand created builds across products. The health situation in India continues to be closely followed and monitored by market participants, especially by looking at Indian buying in the West African crude market.
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