Brent crude price slips below $US103 a barrel

By Dow Jones newswires

The prospect is keeping Brent in a contango structure — where the front-month contract is cheaper than future contracts — triggering demand for temporary, floating storage as traders look to build up stocks. "Reopening of the biggest oil ports in the East could raise Libyan oil supplies further in the next few weeks, adding to the existing oversupply on the European market.

Read more here: Business Spectator


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