Physical oil market flashes first signs of weakness after rally
Oil
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Article by:
Natalie Grover, Alex Lawler and Robert Harvey - Reuters
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Date Published:
October 25, 2023
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Who was cited:
James Davis, Director of Short-Term Global Oil Service - FGE
Crude oil prices in some of the world's main physical markets have weakened due to a jump in freight costs and a drop in refining margins, according to traders and LSEG data, suggesting demand weakness that could filter through to the futures market.
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