Oil prices were down slightly today after a strong few sessions as China again ramped up Covid-19 protocols. Despite some better energy numbers coming out of China it is hard to be too bullish as an energy investor given the uncertainties of their Covid policies. WTI was still up about 3% for the week and Brent about 2%. Diesel prices continue to rally with Diesel futures up about 5% today to their highest level since mid-June. “Diesel (was) still (the) strongest component of complex (with) shorts being squeezed out of the November contract ahead of Monday expiry,” analysts at energy consulting firm Ritterbusch and Associates said. WTI traded down $1.18 or -1.3% to close at $87.90. Brent traded down $1.19 or -1.2% to close at $95.77.<\/p>\n\n\n\n
Oil prices were down slightly today after a strong few sessions as China again ramped up Covid-19 protocols.<\/p>\n","protected":false},"author":2,"featured_media":6111,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-7810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-petroleum-daily"],"yoast_head":"\n