Price of Physical Oil Barrels Slides Just as Crude Futures Rally
The oil market is suddenly being gripped by a divergence between futures and physical prices, something thatโs playing out in two closely watched versions of Brent crude.
This websiteโs original language is English. For translation, click the globe icon or choose Translate in the menu.
4 matching records found
The oil market is suddenly being gripped by a divergence between futures and physical prices, something thatโs playing out in two closely watched versions of Brent crude.
Francisco Blanch, Bank of America Commodities and Derivates Research Global Head, discusses energy markets and the volatile context around oil inventories as conflicts in the Middle East and Russia's invasion of Ukraine continue. "We've been living a little bit on borrowed time," Blanch tells Bloomberg Television. He adds crude oil could face a crunch point in "maybe four, five months." (Source: Bloomberg)
Oil steadied after a choppy session on Tuesday that saw traders parse conflicting headlines on efforts to end the US-Iran war.
Oil wavered as traders weighed the prospect of an escalation in hostilities by Iran in the Strait of Hormuz against robust crude flows from the Persian Gulf.