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Praxis Market Update

01 June 2017 14:07 GMT

Market update from Praxis Energy Agents S.A.



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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