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Oil: Risk premiums are narrowing

Pipeline – Oil Market Briefing

6/30/2026

Current market situationThe oil market is currently showing a marked decline. The Brent M08-2026 contract fell by 7.7% over the course of last week, closing at USD 80.57/bbl. This trend suggests a reduction in high strategic premiums, following the gradual easing of the previously tense geopolitical situation.Risks surrounding the Persian Gulf…

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