Oil price, Kistos, Far, President. and finally…
Oil markets, particularly WTI liked the Opec+ summation after yesterdays meeting, viz that whilst they were ‘concerned’ about rising virus levels there was no need to change current production levels. The rise of another dollar today in WTI agreed ahead of the EIA stats this afternoon.
WTI $62.94 +$1.03, Brent $66.42 +77c, Diff -$3.48 -26c, NG $2.87 +8c, UKNG 55.5p +4p
Oil price
Oil markets, particularly WTI liked the Opec+ summation after yesterdays meeting, viz that whilst they were ‘concerned’ about rising virus levels there was no need to change current production levels. The rise of another dollar today in WTI agreed ahead of the EIA stats this afternoon. The API numbers showed a build of 4.32m barrels of crude whilst gasoline inventories fell by 1.2m and distillate inventories fell by 2.4m.