UPDATE13:25 UTC12h ago 1 min readSource: FXStreet
Oil: Futures discount tightening physical market – ING
Image via FXStreet
ING’s Warren Patterson and Ewa Manthey note that Oil prices are drifting lower as markets price in a possible extension of the US–Iran ceasefire and renewed peace talks, even as physical supply tightens due to disrupted flows through the Strait of Hormuz.
AI Executive Brief
- / Oil: Futures discount tightening physical market – ING
- / Further details are developing.
- / Aggregated by Aura Media Network.
AI-generated summary for informational purposes. Verify with original source.
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