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Rory Johnston: Brent futures at $103 as Dated Brent trades at $105

Rory Johnston: Brent futures at $103 as Dated Brent trades at $105
Brent futures $103, Dated Brent $105

Rory Johnston, industry influencer, highlights that Brent futures are currently trading at $103 per barrel, compared to the latest Dated Brent quote of $105 per barrel.

He adds that despite a record supply deficit in the market, there is no acute dislocation at present, with market participants remaining patient in responding to the ongoing situation.

Earlier this week, Johnston delivered weekly analysis on crude prices, spreads, and inventory data. He also noted that global buyers have been paying more for American oil than U.S. consumers, which could drive continued stock draws. These observations come as the market weighs the current supply deficit and price differences in Brent 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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