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Crude Edges Up Towards Yesterday's High

OIL

Crude edging upwards with Brent just below the high from yesterday at 83.59$/bbl supported by a slightly weaker US dollar.

  • Front month Brent is still down on the week and well below the peak of around 86.7$/bbl from 7 March with market concerns for future central bank policy and the impact on oil demand.
    • Brent MAY 23 up 0.8% at 83.3$/bbl
    • WTI APR 23 up 0.7% at 77.21$/bbl
    • WTI-Brent down -0.08$/bbl at -5.95$/bbl
    • Brent MAY 23-JUN 23 up 0.03$/bbl at 0.5$/bbl
    • Brent JUN 23-DEC 23 up 0.11$/bbl at 2.57$/bbl
    • Brent DEC 23-DEC 24 down -0.05$/bbl at 4.44$/bbl

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