KEYFACT Energy
WTI (Aug) $70.62 +$2.35, Brent (Aug) $75.67 +$2.47, Diff -5.05 +12c
USNG (July) $2.53 +19c, UKNG (July) 97.010p +4.75p, TTF (July) €37.075 -€5.72
Oil price
In what is continuing as the ultimate see-saw between demand and supply, yesterday saw better economic data from China which was enough to, along with a weaker dollar continue the oil price rally. Also the head of the KPC has said that they see Chinese demand growing ‘steadily’ which reinforces 2H theory. Natural gas prices have picked up a little in both the UK and the US, recent weakness must surely prove transient.
Access Malcolm Graham Wood's full update here. l KeyFacts Energy Industry Directory: Malcy's Blog