7 Sep 2020

JBC in the Media - OPIS

Bearish Bets in Brent Crude Futures and Options Hits Five-Month High: ICE

"Over the past five weeks, net length in Brent has alternated between reduction and growth.

'There has been a discrepancy for some time now between Dated and ICE Brent, with the physical market decidedly weaker than its ICE counterpart. With refining margins remaining firmly in the doldrums, the lack of demand in physical crude markets was always likely to start filtering through before long,' Philip Jones-Lux, energy market analyst at JBC Energy told OPIS on Monday."