Current Headlines

  • Brent crude reached a high of $65.80/bbl on Tuesday, for the first time since January 2020, as the roll out of Covid-19 vaccines improved worldwide, resulting in brighter economic outlooks.
  • Sterling continued to trade around 1.410 against the dollar on Tuesday, with Boris Johnson revealing plans to bring the UK out of lockdown, stating the phasing will be cautious but irreversible.
  • Motiva restarted production at its largest refinery, Port Arthur, after poor weather conditions resulted in the closure of the refinery earlier in the month, resulting in an extra 607,000 bpd of US output.

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