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MNI Weekly: U.S. Sanctions Fears Already Rattling Buyers

Executive Summary:

  • U.S. Sanctions Fears Already Rattling Buyers: Oil markets are already gearing up for greater sanctions enforcement ahead of Trump taking office which looks set to leave barrels without a home in a short-term blow for global supply.
  • Oil Markets: Crude front month has risen to the highest since mid-October at $77.89/bbl amid increasing signs that sanctions are tightening supplies. The US diesel cracks have fallen back after rising to the highest levels seen since July amid a winter storm in the US, while gasoline cracks have fallen to lows seen in December.
  • Analyst Views: See oil market outlooks and views from the biggest names in industry.

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Executive Summary:

  • U.S. Sanctions Fears Already Rattling Buyers: Oil markets are already gearing up for greater sanctions enforcement ahead of Trump taking office which looks set to leave barrels without a home in a short-term blow for global supply.
  • Oil Markets: Crude front month has risen to the highest since mid-October at $77.89/bbl amid increasing signs that sanctions are tightening supplies. The US diesel cracks have fallen back after rising to the highest levels seen since July amid a winter storm in the US, while gasoline cracks have fallen to lows seen in December.
  • Analyst Views: See oil market outlooks and views from the biggest names in industry.

Full piece here:

Keep reading...Show less