29 October 2025: 16:30 GMT
The physical fizzes up! And the flat price also jumps! Oh, and EIA inventory data is all bullish with inventories for crude and products falling by nearly 16 million bbls! If you listen to the narrative makers the world is awash in oil…except inventories are falling. Wake up, please. The North Sea kicked into life today with a plethora of bids across grades. Midland, Brent, Ekofisk and Johan Sverdrup were all in the frame and the physical differential surged!
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