Smaller-than-expected increase in crude inventory, geopolitical tensions in Yemen and concerns over production outage continued to support oil prices. The front-month WTI contract gained +3.5% whilst Brent contract added +1.81% last week.
Excerpt from:
Weekly Fundamentals – Crude Prices Supported by Moderation in Inventory Buildup. Brent Contango Narrowed
Leave a Reply
You must be logged in to post a comment.