Crude Oil Rally May Lose Steam on Virus Threat, Softer Physical Demand

22 December 2020 Last updated : 22 December 2020 BonTrade

Crude oil prices receded from 10-month highs as a new coronavirus strain found in the UK threatened further lockdown measures. Backwardation spreads narrowed as demand from Asian refiners fell.

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Crude Oil Rally May Lose Steam on Virus Threat, Softer Physical Demand

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