A Topsy-Turvy Market | S6 E15

Brent futures surged to $87.70 last week, only to encounter resistance and profit-taking flows, settling this week at a sturdy $85-86/bbl range. Macroeconomic factors and persistent supply concerns are pivotal in sustaining these levels. Refinery margins face widespread pressure across regions, while the gasoil market sentiment remains subdued amidst spring demand and increased freight, notably from the Middle East to Europe and Asia. Yet, amidst these challenges, there's a glimmer of hope fo...