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Crude Holding Gains on Tighter Supply


Brent holding onto gains this morning with prompt time spreads also edging higher.

  • UAE added to comments from other OPEC members for support of Saudi comments from earlier in the week regarding the possibility of production cuts at their next meeting.
  • Brent OCT 22 up 1.1% at 100.41$/bbl
  • WTI OCT 22 up 0.9% at 93.39$/bbl
  • Brent OCT 22-NOV 22 up 0.13$/bbl at 1.01$/bbl
  • Brent NOV 22-DEC 22 up 0.19$/bbl at 1.4$/bbl
  • Brent DEC 22-DEC 23 up 0.09$/bbl at 10.17$/bbl

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