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Asian crude oil buyers spoilt for choice

  • Eesha Muneeb
    Eesha Muneeb

    Senior specialist, oil price assessments of S&P Global Platts

Singapore | Fri, August 4, 2017 | 08:05 am
Asian crude oil buyers spoilt for choice Workers tighten a drilling machine at an oil and gas block in Indonesia. (Kompas.com/File)

PREMIUM The settlement price for the September ICE Brent futures contract surpassed a key resistance point at US$50/ barrel in the last days of July, after markets consolidated on data from the United States, OPEC and other non-OPEC producers that seemed to hint at a gradual pullback in global oil oversupply. The front-month September ICE Brent futures contract settled at $52.52/b on July 28, up from $...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.

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