Sentiment in oil markets remains overwhelmingly negative, driven by perceived market oversupply and negative global demand indicators. Brent crude for January delivery was trading at $63.10 per barrel in Thursday’s intraday session, little changed from $62.97 a week ago while the corresponding WTI contract ticked up slightly to $58.70/bbl from $58.46. Meanwhile, the recent rally in oil product prices has cooled off, with ICE Gasoil-Brent crack dropping from a 35.84/bbl peak on 18 November to ~$26/bbl. This is partly due to the easing of panic over the delivery specification into the ICE gasoil futures contract. Market focus remains firmly on…
News Timeline:
Track the development of related news across the Internet.
November 25, 2025
04:40
Source: independent.co.uk
April 25, 2025
03:42
Source: news.sky.com
April 18, 2025
16:23
Source: theguardian.com
April 9, 2025
03:49
Source: elliotlaketoday.com
April 8, 2025
04:01
Source: guelphtoday.com
February 18, 2025
02:57
Source: news.sky.com
February 17, 2025
23:45
Source: thesun.ie
February 17, 2025
17:12
Source: finance.yahoo.com