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Crude Edges Higher After Volatile Week

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Crude edges higher in calmer trading today with a quieter morning on updates to the banking sector risks. Support for troubled banking stocks has helped ease concerns and allowed crude to rebound from the low of 71.91$/bbl yesterday while a weaker US dollar is also providing support.

  • The Dec23-Dec24 crude spreads are following the move to regain some lost ground but the front spreads remains down on the day.
    • Brent MAY 23 up 1.5% at 75.81$/bbl
    • WTI APR 23 up 1.8% at 69.56$/bbl
    • WTI-Brent up 0.11$/bbl at -6.08$/bbl
    • Brent MAY 23-JUN 23 down -0.07$/bbl at 0.34$/bbl
    • Brent JUN 23-DEC 23 unchanged at 1.52$/bbl
    • Brent DEC 23-DEC 24 up 0.2$/bbl at 2.57$/bbl
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Crude edges higher in calmer trading today with a quieter morning on updates to the banking sector risks. Support for troubled banking stocks has helped ease concerns and allowed crude to rebound from the low of 71.91$/bbl yesterday while a weaker US dollar is also providing support.

  • The Dec23-Dec24 crude spreads are following the move to regain some lost ground but the front spreads remains down on the day.
    • Brent MAY 23 up 1.5% at 75.81$/bbl
    • WTI APR 23 up 1.8% at 69.56$/bbl
    • WTI-Brent up 0.11$/bbl at -6.08$/bbl
    • Brent MAY 23-JUN 23 down -0.07$/bbl at 0.34$/bbl
    • Brent JUN 23-DEC 23 unchanged at 1.52$/bbl
    • Brent DEC 23-DEC 24 up 0.2$/bbl at 2.57$/bbl