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Crude Volatile Following Soft US Data

OIL

Brent lost ground after data showed softer Core PCE and US personal spending in July but has since recovered back positive on the day.

  • Consumer spending of goods including gasoline slowed in July compared to June but future oil supply concerns have brought crude back higher.
  • Crude futures are still trading down from the peak at 101.3$/bbl earlier today but prompt time spreads are holding on to gains.
  • Brent OCT 22 up 0.6% at 99.90$/bbl
  • WTI OCT 22 up 0.4% at 92.86$/bbl
  • WTI-Brent down -0.26$/bbl at -7.08$/bbl
  • Brent OCT 22-NOV 22 up 0.22$/bbl at 1.1$/bbl
  • Brent DEC 22-DEC 23 down -0.02$/bbl at 10.06$/bbl
Energy BulletsCommodities
Energy BulletsCommodities

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