Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the 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
Worries about demand continue to weigh negatively on prices – EnergyScan

Worries about demand continue to weigh negatively on prices

  • Oil

Brent and WTI 1st-nearby prices are trading below $64/b and $61/b respectively this morning. Time spreads are reducing quickly, pointing to strong concern about short-term demand prospects, as the delay in the vaccination campaign in Europe threatens the summer touristic season. The consensus is also pointing to the fifth weekly increase in a row in US crude inventories. OPEC output restrictions and worries about the recurrent attacks of the Houthis against Saudi Arabia oil infrastructure should nevertheless continue to support prices.

crude-timespreads
Share this news :

You might also read :

ES-gas
April 25, 2022

Prices maintain their stable trend

European gas prices weakened on Friday, maintaining their stable trend, and seemingly insensitive to the strong drop in pipeline supply. Indeed, Norwegian flows dropped significantly,…
ES-economy
January 25, 2022

What a day!

Spectacular reversal of the US equity markets yesterday, which lost more than 4% (for the Nasdaq) in the session and ended the day up. In…
ES-oil
December 10, 2021

CPI day

ICE Brent futures remained supported, above 74 $/b at the prompt, but could experience high volatility today during US market hours, as the BLS releases US…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]