Floating Storage Unwind To Pressure BrentRupert Hargreaves
Floating Storage Unwind To Pressure Brent
Declining floating storage inventories are set to pressure Brent prices, according to a commodity market research note from Deutsche Bank and reviewed by ValueWalk.
According to Deutsche’s research, the dynamics of the floating storage market aren’t supportive of current Brent prices. Specifically, data shows that after touching 186 million barrels in early March, floating inventories have begun to decline, and the resulting selling . . .
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