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Praxis Market Update
Nikos Siakavaras, Praxis Energy Agents S.A.
04 Apr 2017 14:57 GMT





Praxis Energy Agents S.A. logo. Oil steadied Tuesday as U.S. crude stocks were forecast to fall. U.S. crude was up 18 cents, or 0.36%, at $50.42 at 08:00 ET. Brent crude added 26 cents, or 0.49%, to $53.38. Oil steadied Tuesday as U.S. crude stocks were forecast to fall. U.S. crude was up 18 cents, or 0.36%, at $50.42 at 08:00 ET. Brent crude added 26 cents, or 0.49%, to $53.38. American Petroleum Institute U.S. crude stock data are due out later in the session. These will be followed Wednesday by official Energy Information Administration (EIA) inventories. The EIA is forecast to report a fall of 530,000 barrels in crude stocks in the latest week. OPEC and nonOPEC producers are cutting output by 1.8 million barrels a day in the first half. However, inventories remain stubbornly high capping potential gains for oil.

Singapore: Avails are fair. Earliest supply from 9th of April onwards, and according to barge schedule.

Fujairah: Avails are fair. Earliest supply from 7th-8th of April onwards, and according to barge schedule.

Istanbul: Avails are good with earliest delivery dates from 5th-6th of April onwards, and according to barge schedule.


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Company: Praxis Energy Agents S.A.

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