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Praxis Market Update
Dimitris Mertikas, Praxis Energy Agents S.A.
04 Jun 2010 16:12 GMT





Praxis Energy Agents S.A. logo Oil prices were holding firm over USD 74/bbl earler today as EIA data came out supportive of the last price increase with positive signs of a rebound in consumption for the US market.

Meanwhile, some analysts consider that crude will maintain its high levels over the next few days as investors speculate ahead of the Atlantic hurricane season, which could cause a disruption in US Gulf output.

In Singapore, some players report tight schedules until the 10th of June, while very few were able to accommodate very prompt arrangements.

In Istanbul, suppliers offering normally for arrivals dated 8th onwards.

In Fangcheng, local supplier advised no product avails until further notice due to ongoing maintenance operations.


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Company: Praxis Energy Agents S.A.

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