Oil benchmark Brent's price structure reflects tighter market

  • 📰 Reuters
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

The structure of the global benchmark Brent crude futures market is at its most bullish since April, reflecting the impact of production cuts from the Organization of the Petroleum Exporting Countries and allies (OPEC+) on available supply.

Brent, which is used to price over three-quarters of the world's traded oil, has been rising since late June, as leading producer Saudi Arabia has spearheaded output cuts.

At the end of June, the front month contract was at a discount to the six month contract, a structure known as contango that indicates plentiful supply.another month

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 2. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين