Apr 04, 2026 9:12 a.m.
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economy

US crude surged 11% to rare premium over Brent as US signals prolonged military campaign
03 Apr 2026 Immediate physical tightness propelled US WTI sharply higher, jumping $11.42, or 11.4%, to settle at $111.54/barrel — its largest absolute daily gain since 2020. Brent rose $7.87, or 7.8%, to $109.03.
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03 Apr 2026

economy

Commodity Exchange: 03 April 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 03 April 2026 session with the following settlements.
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02 Apr 2026 Brent NYMEX

economy

Oil retreated on US military pullback hopes despite Qatari tanker strike

Despite the futures-driven drop, physical supply remains tightly constrained. Analysts warn that a unilateral US exit without formal guarantees for free maritime passage would leave a structural risk premium intact.
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02 Apr 2026

economy

India scraps petchem import duties temporarily as oil disruptions squeeze domestic supply

India has moved to temporarily eliminate import duties on key petrochemical products, seeking to stabilise domestic availability amid severe supply disruptions triggered by ongoing oil market turmoil.
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02 Apr 2026

economy

EIA: US crude inventories hit near three-year high as record exports drain fuel stocks

US crude inventories swelled to a near three-year high on surging domestic production, contrasting sharply with tightening fuel stocks driven by record exports.
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02 Apr 2026

economy

Commodity Exchange: 02 April 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 02 April 2026 session with the following settlements.
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01 Apr 2026 Brent NYMEX

economy

Oil benchmarks diverged as Brent spiked on OPEC collapse, WTI fell on ceasefire rumours

Global crude futures split sharply on Tuesday, with front-month Brent surging to record monthly highs while US WTI pulled back.
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01 Apr 2026

economy

Freightos Baltic: Surcharges establish rate floors as Gulf workarounds face mounting strain

Weak seasonal demand is anchoring global freight rates, leaving carrier surcharges to act as a mere price floor amid escalating Middle East bottlenecks.
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