CRUDE SUMMARY: Continued disruptions, sustained OPEC cuts give oil prices a boost

摘要

LONDON (ICIS)--Both Brent and WTI futures were bullish on Tuesday, although Brent prices tracked a more volatile pattern. The North Sea benchmark broke through the $69/bbl mark in European morning session, while WTI topped $62/bbl for the first time in five months. Global prices were still reeling from the momentum of positive Chinese manufacturing data pointing to continued growth and hence indirectly, sustained demand for oil from the world’s largest crude buyer.