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