RE:RE:RE:MS see Oil at 110 bucks !!
Roscoe747 wrote: US refined products inventory climb is misleading because it relates to year end tax provisions, not demand.
China demand is rising. Oil prices coming out of contango. Singapore crack spreads indicate movement.
Russian supply is starting to fall from lack of technical support and sanctions.
China should comes out on lockdown here they bought some pfe covid drug today sold out in half an hour ..
With China import of oil of 12.8 millions barrels daily , once they out of the lockdown, it will ne something to watch where they can get this oil with opec not able to produce its own quota .