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Oil product stocks in focus

ENERGY

Energy – what to watch

  • Once again, the US inventory data will be of interest after the close today with the release of the latest API data at 16:30EST. US oil product prices have fallen back in the last couple of days after reports that imports of gasoline from Europe have increased to a six month high according to ship tracking data. Markets however remain tight and prices significantly higher than levels seen before the Ukraine war.
  • The EIA inventory data and European inventories will be released later in the week.
  • Brent crude Jul22 options are due for expiry on Thurs 26th with 110$/bbl the main strike of interest near the current market level

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