Oil market will tighten sharply when U.S. refineries return from maintenance

Oil market will tighten sharply when U.S. refineries return from maintenance
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07.05.2019

MOSCOW (MRC) -- U.S. commercial crude oil inventories have been rising in recent weeks, which some observers have interpreted as evidence the global oil market is adequately supplied and blame for a sudden decline in oil prices, said Hydrocarbonproceesing.But this narrative cannot explain the steep backwardation in futures prices for global grades such as Brent, which is usually associate

Full article at mrcplast.com

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