Weekly Fundamentals - Crude Pressured as Saudi Accepts Lower Prices to Regain Market Share
EttaTickellThe energy complex declined across the board last week as expectations that key OPEC producers would defend prices by cutting output dissipated. The front-month contract for WTI crude oil dropped -3.58% while the Brent crude contract declined -4.49% The WTI-Brent spread was narrowed to US$3.41/bbl from US$4.39/bbl in the prior week.
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Weekly Fundamentals - Crude Pressured as Saudi Accepts Lower Prices to Regain Market Share
