Morning Oil Report 17/01/22

At 10:50 am Singapore time (0250 GMT), the ICE March Brent futures contract was up 5 cents/b (0.06%) from the previous close at $86.11/b, while the NYMEX February light sweet crude contract rose 32 cents/b (0.38%) at $84.14/b.   Following strong gains over the last four weeks, the front month ICE Brent and NYMEX light …

Morning Oil Report 14/01/22

At 10:05 am Singapore time (0205 GMT), the ICE March Brent futures contract was down 31 cents/b (0.37%) from the previous close at $84.16/b, while the NYMEX February light sweet crude contract fell 44 cents/b (0.54%) at $81.68/b.   Oil prices appeared to have lost their upward momentum after gains of close to 6% earlier …

Morning Oil Report 13/01/22

At 10:03 am Singapore time (0203 GMT), the ICE March Brent futures contract was down 4 cents/b (0.05%) from the previous close at $84.63/b, while the NYMEX February light sweet crude contract was 5 cents/b (0.06%) lower at $82.59/b.   US DoE Crude Oil Inventories: – (W/W) 07-Jan: -4553K (est -1850K; prev -2144K) – Distillate: …