Commodity Update March 10, 2021: Oil Prices Continue to Slide, GRM Drops Near Zero

– Oil prices edged slightly lower after a dramatic surge in recent days. Meanwhile, the market would monitor crude oil reserves which is scheduled to release today by the U.S. government’s Energy Information Administration (EIA).

– Gross refining margin continued to slide closing to zero, which would post negative sentiment to TOP, PTTGC, IRPC and BCP.

– BANPU would benefit from higher coal prices.