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Brent & WTI spreads trade higher

OIL

Brent curve structure steepens as the front spread trades back up to 1.70 $/bbl after falling to 1.15$/bbl earlier this week.

  • Brent JUL 22-AUG 22 up 0.24$/bbl at 1.7$/bbl
  • Brent AUG 22-SEP 22 up 0.21$/bbl at 1.97$/bbl
  • Brent DEC 22-DEC 23 up 0.91$/bbl at 11.98$/bbl
  • WTI-Brent for Jul22 closing further after low Cushing inventory data from EIA earlier in the week. The spread has closed from -4.25$/bbl at the start of the week to -2.92$/bbl.
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Brent curve structure steepens as the front spread trades back up to 1.70 $/bbl after falling to 1.15$/bbl earlier this week.

  • Brent JUL 22-AUG 22 up 0.24$/bbl at 1.7$/bbl
  • Brent AUG 22-SEP 22 up 0.21$/bbl at 1.97$/bbl
  • Brent DEC 22-DEC 23 up 0.91$/bbl at 11.98$/bbl
  • WTI-Brent for Jul22 closing further after low Cushing inventory data from EIA earlier in the week. The spread has closed from -4.25$/bbl at the start of the week to -2.92$/bbl.