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Oil Lower On Ever Given Refloat, But Now Off Worst Levels

OIL

The major crude benchmarks knee jerked lower on the previously flagged BBG story which noted that the Ever Given has been refloated in the Suez canal, per reports from maritime service providers. A reminder that timing re: the clearing of the waterway still remains up in the air. WTI & Brent sit ~$0.70 and ~$0.55 below their respective settlement levels at typing.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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