Oil prices were pressured yesterday with the market and the broader complex unable to escape from the sale that was seen in the stock markets, and the analysts of the commodity in Jen Warren Patterson and Ewa Manthey Note.
The Middle East market continues to show the relative power
“The tariff headlines will not help feelings with reports that President Trump will put the customs tariff on steel, aluminum and copper imports. He was gradually raised.”
“Despite the recent weakness in the oil market, the Middle East market still shows the relative force with its extraordinary ability to expand Brent to more than two US/barrels. US sanctions against Russia that we have seen a more clear step, with Russian oil buyers looking for alternatives.”
“Despite the strange, despite the sanctions on a large part of the Russian shadow fleet, the prices of carriers are weakened recently.”
