rocket domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/befikry/energyscan.befikry.com/wp-includes/functions.php on line 6121
ICE Brent crude prompt future dipped to 67.7 $/b after a reaching 71$ yesterday following the Houthis attack on Ras Tanura terminal. With no material impact on the Saudi oil infrastructure, the rally was poised to be short-lived. Yet, this could be a new hindrance to the normalization of the US-Iran relationship. The current softness in prices was likely caused by a strengthening dollar, pushing dollar-denominated commodities down. Yet despite the last two month of dollar weakness, preliminary trade data from China shows signs of modest growth, far from a super-cycle type of growth.
Get more analysis and data with our Premium subscription
Ask for a free trial here