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Supply Threats Support Crude Markets


Crude continues to rally with crude supply disruptions outweighing economic growth concerns

  • Threat of production cuts by OPEC and Kazakh crude export disruptions hang over the market while there is uncertainty over supply from Libya, Iran and Iraq.
  • Brent OCT 22 up 2.6% at 103.58$/bbl
  • WTI OCT 22 up 2.9% at 95.78$/bbl,
  • Brent OCT 22-NOV 22 up 0.01$/bbl at 1.99$/bbl
  • Brent NOV 22-DEC 22 up 0.19$/bbl at 1.85$/bbl
  • Brent DEC 22-DEC 23 up 0.94$/bbl at 11.36$/bbl

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