Europe Oil Market Commentary

Brent dipped lower by the late afternoon marker, but there were flat price gains in most of the European oil complex...

Brent rallied to near $85/b by the late afternoon marker, the highest at this time of day since October when it reached year highs...

Brent surged Tuesday to its highest level since early November, shrugging off concerns over Omicron, with refineries...

Jet prices inched higher despite a slide in Brent...

Jet prices gained Friday despite softer Brent amid a shortage of import barrels from the Middle East...

Brent continued to climb with afternoon marker prices reaching levels last seen at the end of November, but jet rallied more...

Jet cracks surged amid the Brent rally Wednesday although gasoline refining margins softened...

Brent extended an early year rally despite OPEC+ agreeing to maintain its production cuts amid an increasingly tight product market...

Brent climbed back above $79/b after yesterday's news of the largest weekly US crude and product draw this year...

Front month Brent dipped lower on the early close Friday, but there were heavier losses in nearby contracts to widen the contango...

Brent continued to rally, bolstered by reports that the Omicron variant of Covid would be less harmful than the Delta variant...

Brent rallied for the second day in a row Wednesday, buoyed by news of another large fall in US crude inventories...

Brent bounced back Tuesday, driven higher by record high natural gas prices in...

Distillate and jet fuel cracks plunged around $1/b by the Monday close, erasing two weeks of...

Brent ended the week sliding lower Friday and with backwardation evaporating between the front two month contracts

Gasoil cargoes into northwest Europe were almost at parity with ULSD cargoes Thursday as news broke...

Brent was lower by the late afternoon marker Wednesday amid a choppy session following the US weekly oil inventory report...

Brent dropped Tuesday but natural gas prices surged, causing a rush of bids for cargoes of heating oil into France...