Asia crude – Key market indicators this week

S&P Global Platts | Sep 14, 2020 at 4:59 AM
  • The crude oil market in Asia started the Sept. 14 trading week in a tight range following the slide in the previous week ended Sept. 11.
  • November ICE Brent crude futures were pegged at $39.87/b at 0200 GMT Sept. 14, sliding 12 cents/b compared with $44.25/b at the Asian close on Sept. 11, but gaining 4 cents/b compared with the settlement on Sept. 11.
  • *Combined with a stronger dollar and weaker risk sentiment, the prompt intermonth timespread for Brent swaps weakened to a weekly average of minus 51 cents/b for the week ended Sept. 11, wider by 10 cents/b compared with minus 41 cents/b the week before.