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Oil Rebounds With Growth Outlook Improving Ahead of Iran Talks
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Oil rebounds amid broad commodities rally ahead of Iran talks
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Oil climbs above US$65 on signs of rising U S fuel demand
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Oil priceâs record climb continues on falling global crude inventories By Saket Sundria and Alex Longley on 2/10/2021
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(Bloomberg) Oil rose again to extend the longest run of gains in two years with an industry report showing falling U.S. crude stockpiles the latest sign of tightening globally supplies.
While prices continue to surge, some of the biggest moves in the past day have come at the front of the futures curve. Brentâs nearest timespread has surged a key sign of market tightness while key swaps tied to the physical North Sea market have also increased amid frenzied trading of derivatives late Tuesday.