The Day-to-Day Market for Physical Oil Cargoes Is Booming
- Differentials reflect that physical oil prices are rallying
- Market for light, sweet crudes strong amid Libya supply halt
Photographer: Andrey Rudakov/Bloomberg
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The world’s physical oil market is running hot, offering a boost to bulls.
Prices for cargoes reaching oil refineries in Asia in two or three months’ time have been rallying strongly all over the world so far this year.