Oil Rises for Third Week With IEA Flagging Need for More Crude

oil rises for third week with iea flagging need for more crude

Sumary of Oil Rises for Third Week With IEA Flagging Need for More Crude:

  • Underlining the market strength, West Texas Intermediate nearest contract closed at its highest premium against the subsequent month since February..
  • That driven some buyers from abroad to start shying away from Permian crudes with the narrow arbitrage making West Texas oil cargoes less attractive….

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