Asia aromatics reach multimonth high after crude rally amid Middle East tensions

Asian aromatics have reacted to crude oil hike amid the geopolitical tensions in the Middle East, with several aromatics products reaching a multi-month high on March 3. At 4:30 PM Singapore time (0830 GMT), the ICE May Brent futures contract was up $8.36/b (11.69%) from the previous close at $79.88/b March 3. Crude oil futures prices found inflationary pressure as shipping from the Strait ofAsian aromatics have reacted to crude oil hike amid the geopolitical tensions in the Middle East, with several aromatics products reaching a multi-month high on March 3. At 4:30 PM Singapore time (0830 GMT), the ICE May Brent futures contract was up $8.36/b (11.69%) from the previous close at $79.88/b March 3. Crude oil futures prices found inflationary pressure as shipping from the Strait ofRead More