- Crude oil differentials are widening in Europe, West Africa and the US
- China is buying more in the physical market, traders say
- The US discount to Brent may increase the foreign attractiveness of US grades
LONDON/NEW YORK/SINGAPORE, Jan 23 (Reuters) – Crude oil prices in many physical markets around the world have started the year with a rally amid signs of more buying from China after it eased COVID-19 restrictions and concerns regarding the sanctions against Russia could reduce the supply.
China, the world’s largest crude oil importer, has started rolling…