LPG Prices Strengthened With International Crude

摘要

International crude oil gained further ground going into February, with the Brent benchmark up 6,75% tor. $115.48/bbl since the beginning of the year after being supported by geopolitical worries. Demand for crude oil had also risen following the bankruptcy of Petroplus, Europe's largest oil refiner. Meanwhile, West Texas Intermediate (WTI), the U.S. benchmark, had fallen 1% amid pressures over extra stocks around Cushing, Okla. With LPG prices continuing to follow oil prices, LPG markets strengthened.