Oil markets are tighter than they look
7 July 2025
Time to read: minutes
Oilprice.com, July 7, 2025 – Neil Crosby, AVP Oil Analytics, writes in Oilprice.com that despite weak demand signals, physical oil markets remain tight due to refinery closures, strong margins, and resilient product demand. Backwardated timespreads highlight underlying tightness, with risks from Middle Eastern and Indian flows to Europe, Red Sea disruptions, and potential US sanctions likely to drive bullish moves.
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