Oil rebounds Monday on continued Middle East supply risks despite Russian diesel deal talk

Prices reversed early losses. Traders weighing possible increased Russian diesel supplies and an energy ceasefire claim against ongoing Hormuz restrictions, tanker attacks, and Houthi strikes on Saudi targets. Independent refiners (Valero, Marathon, Phillips 66) expected to post strong earnings. Physical Brent still at wide premiums to futures.

https://www.morningstar.com/news/dow-jones/202610126397/dow-jones-top-energy-headlines-at-4-pm-et-oil-prices-rebound-amid-persistent-middle-east-supply-risks-russia

Got a news tip or correction? Let us know

If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.

0 views