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Back Fundamental analysis
The Shaking Continues
Today Brent fell to $101 per
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Today Brent fell to $101 per barrel, while WTI trades around $90. Saudi Aramco's decision to price Arab Light $5 below the regional benchmark for Asian buyers in October triggered the decline. The market had expected the opposite — traders and refiners were preparing for a $5 premium. Asian refineries and fuel consumers benefit. Saudi Arabia loses revenue per barrel but protects market share. However, intensifying fighting in Yemen partially offset the decline.The scale of the reversal is visible in
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
EUR
Summary
Neutral
Urgency
1 day
Analytic
Maxim Magdalinin
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