Crude prices have risen and products margins rebounded, reflecting firmer demand and slower output growth in the US. Atlantic basin benchmark North Sea Dated is above $60/bl for the first time since 3 March, rising by $4.35/bl to $60.38/bl in the week to 16 April, while US marker WTI rose by $5.92/bl to $56.71/bl - its highest since mid-December. Geopolitical concerns - such as Saudi Arabia-led coalition air strikes on rebel forces in Yemen and uncertainty over the final outcome of a nuclear deal between Iran and the P5+1 group - have underpinned gains in crude prices.
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