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Crude Extends Decline on Demand Concern and Potential Kurdish Oil Restart


Crude futures and spreads extend the earlier decline on economic growth concerns and with a slightly stronger US dollar.

  • The potential resumption of oil exports from Iraq’s Kurdistan region this week is adding to the downside pressure.
    • Brent JUN 23 down -1.5% at 83.48$/bbl
    • WTI MAY 23 down -1.5% at 79.61$/bbl
    • Brent JUN 23-JUL 23 down -0.06$/bbl at 0.26$/bbl
    • Brent JUN 23-DEC 23 down -0.3$/bbl at 2.68$/bbl
    • Brent DEC 23-DEC 24 down -0.29$/bbl at 4.71$/bbl

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