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Brent: Diesel signals higher prices – Societe Generale

Societe Generale analysts Michael Haigh and Jeremy Sellem highlight a sharp divergence between physical Brent and futures, with Dated Brent trading at a substantial premium. They note that Diesel strength implies Brent should be above $150/bbl to restore historical refining economics.

Brent: Diesel signals higher prices – Societe Generale

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