Geopolitical turmoil in Egypt lifted crude oil prices. Investors were concerned about disruption of supply from oil producers in the MENA region although the demand/supply balance has been broadly balanced, so far. The WTI-Brent crude spread narrowed further during the week.
Original post:
Weekly Fundamentals – Crude Prices Lifted by Geopolitical Tensions, Restart of Refining Facility
Leave a Reply
You must be logged in to post a comment.