Oil: Optimism in commercial conversations supports the market – Ing

Petroleum prices were strengthened yesterday, a trend that continued in this morning’s first operations, indicate the experts in raw materials of ING, Ewa Manthey and Warren Patterson.

Commercial conversations between the US and China seem to be advancing

“Commercial conversations between the US and China seem to be advancing, with discussions that will continue today. USA favorable for prices.

“The latest commercial data show that China’s crude oil imports were relatively weak in May, reaching around 11 million barrels per day, a decrease of 5.7% month to month and 0.8% lower year -year interannual. “

“The ICE diesel market continues to point towards a tension in the cash. The short -term ICE diesel differential has seen its backward record.

Source: Fx Street

You may also like