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Brent Off From Week Highs just over 100$/bbl

OIL

Brent falling back after a week of gains with ongoing uncertainty over future global demand.

  • The fall is assisted by below expected China aggregate financing with any potential lower views on their demand recovery post covid restrictions weighing of the crude price.
  • Prompt Brent spreads remain stable while longer term spreads continue to follow the flat price moves.
  • Brent OCT 22 down -1.3% at 98.28$/bbl
  • WTI SEP 22 down -1.5% at 92.88$/bbl
  • Brent OCT 22-NOV 22 down -0.06$/bbl at 1.24$/bbl
  • Brent DEC 22-DEC 23 down -0.2$/bbl at 8.2$/bbl
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Brent falling back after a week of gains with ongoing uncertainty over future global demand.

  • The fall is assisted by below expected China aggregate financing with any potential lower views on their demand recovery post covid restrictions weighing of the crude price.
  • Prompt Brent spreads remain stable while longer term spreads continue to follow the flat price moves.
  • Brent OCT 22 down -1.3% at 98.28$/bbl
  • WTI SEP 22 down -1.5% at 92.88$/bbl
  • Brent OCT 22-NOV 22 down -0.06$/bbl at 1.24$/bbl
  • Brent DEC 22-DEC 23 down -0.2$/bbl at 8.2$/bbl