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Praxis Market Update

Market update from Praxis Energy Agents S.A.





Updated on 01 June 2017 14:07 GMT

U.S. oil fluctuated on Thursday, moving sharply higher before trimming gains as expectations for the U.S. administration to withdraw from the Paris climate agreement overshadowed recent fears of a global supply glut. U.S. crude futures for July delivery were up 0.25% at $48.44 a barrel, off Wednesday’s three-week low of $47.74. On the ICE Futures Exchange in London, the July Brent were down 0.14% to $50.69 a barrel, off the previous session’s three-week trough of $50.24.

Singapore: Avails are fair. Earliest supply from 6th of June onwards, and according to barge schedule.

Fujairah: Avails are fair. Earliest supply from 8th of June onwards, and according to barge schedule.

Istanbul: Avails are fair. Earliest delivery dates from 1st of June onwards, and according to barge schedule.






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