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July Brent exceeds $113 a barrel while June surpasses $122, Rory Johnston notes

July Brent exceeds $113 a barrel while June surpasses $122, Rory Johnston notes
July Brent price exceeds $113 per barrel

Rory Johnston, industry influencer, highlights recent price movements in the Brent crude oil market. Johnston notes that June Brent has surpassed $122 per barrel, while July Brent is trading above $113 per barrel.

He emphasizes that, given the current crisis, the July price holds more significance than the June contract.

Earlier this year, Johnston observed Brent prompt timespread backwardation exceeding $10 per barrel, a new record at the time according to his report. He also previously reported crude oil reaching a nominal all-time high above $144.22 per barrel in a separate note. These developments form part of Johnston’s ongoing coverage of sharp moves in global oil benchmarks.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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