Dated Brent Surges Above $120 on Physical Tightening
Physical oil markets tightened sharply as Dated Brent surged above $120 despite ICE Brent slipping toward $101, driven by European diesel stock release, droned tankers in the Strait of Hormuz, and China reinstating its refined product export ban.
Original · OilPrice.com AI summary of public reporting
Why: Physical oil squeeze from supply disruptions → Dated Brent above $120
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At publication → CurrentBRENTOIL102.21 → 102.210.0%