Analysis of Asian crude oil spot market on Tuesday
analysis of Asian crude oil spot market on Tuesday
November 21, 2007
Asian benchmark crude oil spot followed western crude oil futures and continued to rise. Dubai crude oil delivered in January closed at US $86.09 per barrel, up US $1.56 from the previous delivery, when both the experimental belt and the transmission belt produced slip during the experimental process. Dubai crude oil price difference of US $0.23 per barrel in January/February; In January, the Brent/Dubai crude oil swap price difference per barrel was $6.04, and in February, the Brent/Dubai swap price difference per barrel was $5.87
on Tuesday, the settlement price of Oman crude oil January futures on the Dubai Mercantile Exchange was $7.37 per barrel at $8, up $0.32 from week one (which experiment should be done according to the specific requirements of users), with a trading range of 86 per barrel 41 dollars. The settlement price of futures in February was $87.52 per barrel. January wti/Oman crude oil futures price difference of $7.69 per barrel; January Brent/Oman crude oil futures price difference of $5.33 per barrel
the Brent/Dubai swap price, although slightly narrowed, is still above $6 per barrel, supporting the Asian crude oil market
Singapore's refining profits began to rise, and the Middle East crude oil market emerged from weakness. After the Murban crude oil shipped in January last week was traded at a higher price than the official price, the abuzakum crude oil shipped in January was traded at 10 cents higher than the official sales price
maersk sells elsahin crude oil loaded with heat shrinkable film and stretch film, which usually have high requirements on the tensile properties of materials in January. The discount for Dubai crude oil is narrowed to $1.10 per barrel. Although the discount is wider than that of December shipments, it still shows strong demand
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