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Crude Holding Gains on Short Term Tight Supplies

OIL

Crude holding onto gains on risks for tight global supplies with EU sanctions on Russia crude due to take effect from next month. Upside is limited with ongoing concerns for global demand growth due to an economic slowdown and after soft data from China at the start of the week.

  • Brent JAN 23 up 1.8% at 94.46$/bbl
  • WTI DEC 22 up 1.9% at 88.17$/bbl
  • Brent JAN 23-FEB 23 unchanged at 1.79$/bbl
  • Brent FEB 23-MAR 23 up 0.07$/bbl at 1.62$/bbl
  • Brent JUN 23-DEC 23 up 0.33$/bbl at 4.09$/bbl
  • Brent DEC 23-DEC 24 up 0.47$/bbl at 5.36$/bbl

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