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Latest Analysis / Short-term Global Oil Service

Weekly Fundamentals - Crude prices gain on crude stockdraw and signs of demand recovering

Published: 14 May, 2020

Highlights:

  • US crude benchmarks starting to reflect production cuts and limited export availability
  • Platts Urals premiums fall sharply in NWE as loadings to Asia wane
  • Quarantines ending providing a glimmer of hope for oil demand recovery

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