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Crude Rallies on Report of  Proposed OPEC cut by Russia

OIL

Crude and time spreads have rallied on the back of a report from Reuters that Russia are likely to propose a 1mbpd cut in OPEC+ output at their October meeting.

  • Brent NOV 22 up 3.1% at 86.65$/bbl
  • WTI NOV 22 up 3% at 79$/bbl
  • Gasoil OCT 22 up 3.2% at 964.25$/mt
  • WTI-Brent down -0.3$/bbl at -7.65$/bbl
  • Brent NOV 22-DEC 22 up 0.09$/bbl at 1.29$/bbl
  • Brent DEC 22-JAN 23 up 0.16$/bbl at 1.68$/bbl
  • Brent DEC 22-DEC 23 up 1.1$/bbl at 9.71$/bbl
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Crude and time spreads have rallied on the back of a report from Reuters that Russia are likely to propose a 1mbpd cut in OPEC+ output at their October meeting.

  • Brent NOV 22 up 3.1% at 86.65$/bbl
  • WTI NOV 22 up 3% at 79$/bbl
  • Gasoil OCT 22 up 3.2% at 964.25$/mt
  • WTI-Brent down -0.3$/bbl at -7.65$/bbl
  • Brent NOV 22-DEC 22 up 0.09$/bbl at 1.29$/bbl
  • Brent DEC 22-JAN 23 up 0.16$/bbl at 1.68$/bbl
  • Brent DEC 22-DEC 23 up 1.1$/bbl at 9.71$/bbl