Latest Analysis /
Short-term Global Oil Service
Weekly Fundamentals - Crude prices extend gains on sizeable US stockdraw; even larger stockdraws expected next week
Published: 25 February, 2021
Highlights:
- Current WTI price levels look cheap vs fundamentals – export uncertainty remains the key driver of volatility
- Urals discounts to Platts Dated Brent sink to 10-month low
- Temporary disruption to US gasoline demand from Storm Uri; vaccinations to aid the eventual recovery
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