$87 Brent vs $40 Ural for ChinaBrent is over twice as expensive as Ural which has been sold to China for $38 - $43 so why would China want $87 Brent or even $79 WTI Crude the US has to figure out something because China's recovery could be supplied by Russia and will Russia take a huge cut in revenues just to make a point to the US who won't change things anyways, How will Russia keep its economy going on top of a war which requires huge amounts of cash for weapons might not happen and Oil and NG sales prompt their currency so that would be at risk too. I remember posting that Russia only needs to make a threat to have Oil move and we got it. China's recovery still needs to be backed by facts and right now the real recovery is fuel in China but transportation increases will only carry Oil so far China needs Manufacturing to rebound in a big way making that challenging while the US contracts along with Europe and we know that China Manufacturing is supported by them but in a recession will only cap any full recovery, China will stumble this month with hopes of March being the month. Next week Russia will be on the back burner till March while Oil deals with real facts. Even with China's hope and Russia's threats Oil is still in the $70+ up only $1.50 and this is during the first dealing but so close to $80 that the US traders could hit it just because it's a phycological level.