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Crude Regains Ground to Positive on the Day

OIL

Crude ticks back up to positive on the day with Brent front month just below the overnight highs at 83.51$/bbl.

  • The Jun23-Dec23 and Dec23-Dec24 spreads are following the move with both testing the highest since 17 Feb but the prompt spread is holding unchanged on the day. The WTI-Brent spread has closed slightly from the lows around -7$/bbl on Friday.
    • Brent APR 23 up 0.2% at 83.35$/bbl
    • WTI APR 23 up 0.3% at 76.52$/bbl
    • WTI-Brent down -0.08$/bbl at -6.81$/bbl
    • Brent APR 23-MAY 23 up 0.01$/bbl at 0.35$/bbl
    • Brent JUN 23-DEC 23 up 0.1$/bbl at 2.57$/bbl
    • Brent DEC 23-DEC 24 up 0.12$/bbl at 4.23$/bbl

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