Current futures premium of the hottest Brent crude

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Brent crude oil spot futures premium European economy and demand worries emerge

Brent crude oil spot futures premium European economy and demand worries emerge

April 10, 2013

[China paint information] Brent crude oil has a futures premium for the first time in nine months, that is, the spot futures contract is lower than the forward contract price. On April 8, the Brent crude oil futures price in May on the London ice exchange was US $0.27 lower than the contract price delivered in June. Meanwhile, the spot price of Brent crude oil has been discounted for one month compared with the futures price of Brent crude oil, which hopes to help friends in need. The price difference between Brent and the benchmark WTI of U.S. crude oil was once narrowed to $11/barrel, which was the first time since last June

in addition to obtaining new recycled plastics from existing plastics, Li Yan, an analyst at Longzhong petrochemical, said that although the futures premium of Brent crude oil may be in a short-term form, it reflects the negative impact of the instability of the European economy and the expected decline in demand. The big crisis reflected by the small Cyprus has shocked Europe, and the fragile European economy has become more and more uneasy. Italy and Spain are struggling, and France is not optimistic. The hidden worries of European economy continue to restrict crude oil demand, which is also an important factor for the decline of Brent price. The latest EIA short term energy outlook also lowered the global oil demand forecast for 2013. In contrast, the U.S. economy continues to recover moderately, and the Dow and S & P 500 have hit new highs recently, driving WTI to maintain a high level, which is also the main reason for the narrowing of the price difference between WTI and Brent. The steel bar (plate) consolidation experiment

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