Singapore middle distillates swaps hit 40-month high on rising crude

The Singapore gasoil swaps jumped to a 40-month high of $85.76/b as of 0830 GMT Thursday, but slid 34 cents/b Friday to $85.42/b. … Moreover, crude oil prices have gained momentum on ongoing geopolitical tension in the Middle East, along with fundamental support from drawdowns in US crude …

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