Vincent Wu
Research Associate, Flux
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This Time Is (Diff)erent
Prompt tightness in Dated Brent amid continued CPC disruptions; physical differential nears $4/bbl with all BFOETM grades bid except Brent
Another choppy week in the Dated Brent complex as the CPC situation continues to drive sentiment. There is a disconnect between the Middle East hostilities which have a greater effect on the futures, and the North Sea, with the market focused on CPC loading disruptions caused by Ukrainian drone strikes.
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