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Daily Oil Market Comment
Daily Oil Market Comment
Asian Day Market Movement
Market Movement Tuesday 6th July:
The market strength continued overnight as Iraq near term exports are expected to be reduced by 50% following the attacks over the weekend and the continuing
problem in Russia between the government and Yukos also adding to the bullish sentiment.
Singapore prices strenthened in line with the Western markets.
Prices at 18:00 Spore Time
WTI: 39.33 +0.94/bbl
Brent: 36.88 +0.58/bbl
IPE Gasoil: 348.50 +5.25/MT = +0.71/bbl
Spore Kero: 47.60 +0.60/bbl