MARKET EYE: Urals Under Pressure

摘要

Front-month ICE Brent futures have traded a moderate $4.70 per barrel range over the past week from a low of $39.64 last Thursday to a high of $44.34 high this Wednesday. Late Wednesday Brent was trading at $44/bbl, up $3.70 on the week - not quite making good the previous week's loss. Dated Brent was assessed at the equivalent of April ICE Brent minus 60￠, down 35￠.