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Latest Analysis / Short-term Global Oil Service

Weekly Fundamentals - Crude prices staying in narrow range for now but spreads can outperform

Published: 19 December, 2024

Highlights:

  • Crude prices staying in narrow range for now but spreads could outperform
  • Supply: Kazakhstan production revised down again; recent outages in Libya and Nigeria highlight downside risk to supply
  • Demand: Resilient products demand growth led by services sector
  • US Dollar surges to highest level in two ...

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