$Rex Intl (5WH.SG)$$RH PetroGas (T13.SG)$ Brent futures rose...
$Rex Intl (5WH.SG)$ $RH PetroGas (T13.SG)$
Brent futures rose 3.8% to USD111.55 as U.S. gasoline prices jumped to a record high and China looked ready to ease pandemic restrictions.
Hopes for Iran nuclear deal fade as U.S. Congress opposes the idea of lifting sanctions on the Revolutionary Guards. Dragged down by plummeting Russian production, continuous underperformance in Angola and Nigeria, and port disruptions impacting Kazakhstan, the collective output of OPEC+ countries was 2.7m b/d below the targeted level, marking the worst month in terms of production discipline in the oil group's post-pandemic history.
Brent futures rose 3.8% to USD111.55 as U.S. gasoline prices jumped to a record high and China looked ready to ease pandemic restrictions.
Hopes for Iran nuclear deal fade as U.S. Congress opposes the idea of lifting sanctions on the Revolutionary Guards. Dragged down by plummeting Russian production, continuous underperformance in Angola and Nigeria, and port disruptions impacting Kazakhstan, the collective output of OPEC+ countries was 2.7m b/d below the targeted level, marking the worst month in terms of production discipline in the oil group's post-pandemic history.
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