Brent crude found support near the $70 level, with the geopolitical premium fully unwinding to pre-war levels.
According to Jin10, Middle East supply has recovered more than expected, and the spot market has returned to a futures-premium structure.
The report said inventory rebuilding may become a key variable in absorbing excess supply.
Brent Crude Finds Support Near $70 as Middle East Supply Recovery Exceeds Expectations
2026-07-06 03:04:54
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