International crude: Overhang in Dated Brent

摘要

The end-May Brent cargoes continued to overhange the Dated market with three stems currently without homes early Tuesday. Vitol had the May 27-29 B0530 and the May 29-31 B0537, while Glencore had the May 28-30 B0538. The prompter cargoes were the most aggressively offered with Vitol showing June minus 65 cts on the Jun 27-29 and Glencore initially at July minus 125 cts on the Jun 28-30.