Daily Oil Fundamentals
Escalation with No Price Impact
03 Jan 2024Escalation with No Price Impact
Happy New Year, All. When the last report of 2023 was published on December 22 the front-month settled at $79.07/bbl. Yesterday the European benchmark closed at $75.89/bbl suggesting a relatively uneventful festive period, but this assumption cannot be further away from the truth.