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Oil markets and spreads lose earlier gains

OIL
BulletEnergy BulletsCommodities

EU talks regarding a Russian oil embargo are likely to continue into June as Hungary continues to oppose an agreement.

  • Brent trading slightly down on the day after pushing up to 114$/bbl earlier.
  • Front crude spreads remain steady but longer-term spreads lose ground back to Fri levels.
  • WTI-Brent spread falls back from -2.4 to -2.72$/bbl
  • Brent JUL 22 down -0.3% at 112.19$/bbl
  • WTI JUL 22 down -0.7% at 109.46$/bbl
  • Gasoil JUN 22 down -1% at 1057.5$/mt
  • Brent JUL 22-AUG 22 unchanged $/bbl at 2.56$/bbl
  • Brent DEC 22-DEC 23 down -0.27$/bbl at 12.06$/bbl
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EU talks regarding a Russian oil embargo are likely to continue into June as Hungary continues to oppose an agreement.

  • Brent trading slightly down on the day after pushing up to 114$/bbl earlier.
  • Front crude spreads remain steady but longer-term spreads lose ground back to Fri levels.
  • WTI-Brent spread falls back from -2.4 to -2.72$/bbl
  • Brent JUL 22 down -0.3% at 112.19$/bbl
  • WTI JUL 22 down -0.7% at 109.46$/bbl
  • Gasoil JUN 22 down -1% at 1057.5$/mt
  • Brent JUL 22-AUG 22 unchanged $/bbl at 2.56$/bbl
  • Brent DEC 22-DEC 23 down -0.27$/bbl at 12.06$/bbl