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Commentary: Oil price, DEC, Arrow, Touchstone

16/11/2023

WTI (Dec) $76.66 -$1.60, Brent (Jan) $81.18 -$1.29, Diff -$4.52 +31c
USNG (Dec) $3.19 +8c, UKNG (Dec) 119.0p -1.85p, TTF (Dec) €46.565 -€1.775

Oil price

Oil is falling sharply today as the knock on effects of the EIA inventory stats forced traders to cut positions something that the Saudi Energy Minister blamed on ‘speculators’. 

Access Malcolm Graham Wood's full update here.   l   KeyFacts Energy Industry Directory: Malcy's Blog

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