Oil market sees support from physical tightness - Reuters.com


7/18/2022 12:00:00 AM3 years 7 months ago

Benchmark oil prices have dropped by about $15 a barrel in the past 10 days as the threat of recession clouds the demand outlook, but the physical oil trade and the futures market structure tell a quite different story.

LONDON/NEW YORK, July 18 (Reuters) - Benchmark oil prices have dropped by about $15 a barrel in the past 10 days as the threat of recession clouds the demand outlook, but the physical oil trade and t… [+2485 chars]

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