Loading…
Physical crude markets were tight ahead of an OPEC+ meeting, with futures and swaps in major pricing hubs in steep backwardation. Analysts noted Brent near $75 and that Iran sanctions relief remains uncertain.
Strong physical demand and backwardation signal tight supply, supporting crude and energy input costs for feed producers.
investing.comJun 28, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
