Crude oil prices are expected to be weighed down in the week ending April 22 amid supply disruptions in Libya and the prospect of further reductions in Russian oil supply amid rising Ukraine tensions. Front-month June ICE Brent crude futures stood at $112.55/b at 0240 GMT April 18, up 85 cent/b from settlement on April .
Singapore Asia s crude oil market started the week of April 26 on a stronger note amid signs of easing COVID-19 impact in the West, even as resurgence in Asia raised demand concerns. Market participants continue to expect OPEC+ to go ahead with its plan of rolling back production cuts in its upcoming April 28 meet.
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June ICE Brent crude futures was pegged at $66.11/b at 0200 GMT on April 26, 64 cents/b higher from the 0830 GMT Asian close on April 23.
MIDDLE EAST CRUDE Trading activity is expected to ease further in the week as demand from Asian buyers remains dormant amid fulfilment of purchase requirements while focus shifts to the next trading cycle.
Asia crude: Key market indicators this week | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.