Baltic Urals lifted by Asia-Pacifc demand

摘要

Outright crude prices neared a two-year high this week, with Urals strength- ening against benchmark North Sea Dated in northwest Europe, supported by renewed Chinese buying interest. Caspian grades CPC Blend and BTC Blend lost ground against the benchmark, as North Sea Dated climbed by $2.95/bl on the week?to?$70.20/bl?on?5?May?—?passing?$70/bl?for?the?frst?time?since?May?2019.