– WTI registered its best week of the year on strong
fundamental data, OPEC progress and currency tailwinds. The
physical market is showing signs of health with sharp inventory
draws on a global level in crude oil and refined products which
have been cheered by tightening differentials and time spreads to
their highest levels in months. – OPEC developments continue to
support prices in the near term with little promise of delivering a
long term bull market. On the bullish side this week’s commitment
from Saudi Arabia to cut exports to 6.6m…
fundamental data, OPEC progress and currency tailwinds. The
physical market is showing signs of health with sharp inventory
draws on a global level in crude oil and refined products which
have been cheered by tightening differentials and time spreads to
their highest levels in months. – OPEC developments continue to
support prices in the near term with little promise of delivering a
long term bull market. On the bullish side this week’s commitment
from Saudi Arabia to cut exports to 6.6m…
– WTI registered its best week of the year on strong
fundamental data, OPEC progress and currency tailwinds. The
physical market is showing signs of health with sharp inventory
draws on a global level in crude oil and refined products which
have been cheered by tightening differentials and time spreads to
their highest levels in months. – OPEC developments continue to
support prices in the near term with little promise of delivering a
long term bull market. On the bullish side this week’s commitment
from Saudi Arabia to cut exports to 6.6m…
fundamental data, OPEC progress and currency tailwinds. The
physical market is showing signs of health with sharp inventory
draws on a global level in crude oil and refined products which
have been cheered by tightening differentials and time spreads to
their highest levels in months. – OPEC developments continue to
support prices in the near term with little promise of delivering a
long term bull market. On the bullish side this week’s commitment
from Saudi Arabia to cut exports to 6.6m…
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