API 4 prompt swaps buck bearish trend

摘要

Swap expiry day produced higher volumes but prices edged lower on an absence of physical trades and oil price weakness, the only exception was June API 4. ICE July Brent was off $1.02/bl at $101.17/bl at 16:15 BST, but the contract was lifted from intraday lows, after US data showed a record rise in oil inventories.