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High volatility in crude prices

OIL

Brent back up near 109$/bbl after trading in 5$ range today

  • After reaching a high of 110.94$/bbl Brent fell as low as 105.88$/bbl
  • Time spreads have been equally volatile with Aug-Sep bouncing in a 0.5$ range and Dec22-Dec23 in a 1.5$/bbl range.
  • Brent JUL 22 down -0.3% at 108.82$/bbl
  • Brent JUL 22-AUG 22 down -0.1$/bbl at 2.08$/bbl
  • Brent AUG 22-SEP 22 down -0.14$/bbl at 2.26$/bbl
  • Brent DEC 22-DEC 23 up 0.01$/bbl at 11.15$/bbl

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