Traders See Weakening Physical Crude Market  

Physical crude oil markets have weakened as demand is underperforming expectations amid sufficient supply, analysts and traders have told Reuters. Demand appears to be especially underwhelming in Europe, where the key crude grades that underpin the Brent Crude benchmark have weakened in recent weeks, to the widest discounts to Dated Brent for a year. Demand in the U.S. also looks weaker for the coming start of summer travel. Refinery utilization rates haven’t rebounded despite the end of planned maintenance season. So far this year,…