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via seekingalpha.comMarkets

Mideast physical oil prices fall as Brent hits six-month highs

FROM THE WIRE · SEEKINGALPHA.COM

[Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.] SlavkoSereda/iStock via Getty Images Physical prices of some Middle East crudes sold outside the Persian Gulf reportedly…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe gap between physical prices and futures signals supply dynamics while Brent rises.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Some Middle East crudes sold outside the Persian Gulf have dropped in price.
  2. 02A Basrah Medium cargo sold at a discount of nearly $10/bbl to Dubai.
  3. 03More cargoes are moving through the Strait of Hormuz via ship-to-ship transfers.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Brent Crude Oil (continuous future)COMMODITY:BRENTCommodity116.72 USDAwaiting tradestoday +3.14%Positive Crude Oil WTICOMMODITY:WTICommodity103.27 USDAwaiting tradestoday +3.82%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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