NewsSignals AI analysis·Asian News International·
Oil supply improves as Middle East crude exports recover, but high fuel costs may persist: Jefferies
Grade Bbullish AI signal$BRENT$WTI$RIL
Middle East crude exports have recovered to more than 90% of pre-conflict levels, signaling improved oil supply availability despite continued attacks in the Gulf of Oman.
Jefferies reports physical crude premiums fell 65% week-on-week to $9 per barrel, but freight rates remain eight times pre-conflict levels, while LNG prices reached $29 per million British thermal units.
Persistent shipping disruptions, elevated refining margins and rising gas prices could keep global energy costs high despite recovering crude supplies.
Bullish strength: 55/100
- Middle East crude exports excluding Iran recovered to more than 90% of pre-conflict levels.
- Physical crude premiums declined 65% week-on-week to $9 per barrel.
- Strengthening petrochemical margins support Reliance Industries' oil-to-chemicals profitability.
Bearish strength: 45/100
- Freight rates remain around eight times pre-conflict levels and exceed 25% of landed crude costs.
- Continued tanker attacks could prolong shipping disruptions.
- Elevated LNG prices and fuel costs may sustain inflationary pressure across energy markets.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.