Sunseedman | Daily Reports on Vegoils

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Russian/ukrainian war: Today is 100th day and russian/ukranian tension/war is, unfortunately, still really so crucial/worrisome. Today and soon will be also so important to follow the developments ( hope and pray that this nuisance war will be over asap ) and reflections to our markets. Humanitarian food vessel corridor for ukraine ???

Petrol: by yday, petrol was further bounced ( after so volatile day ) with technical correction, lower us weekly crude stockpiles, easing chinese lockdowns, embargo on russia, global tightness and geopolitical risks ( ru/ukr war foremost ) albeit russia/opec questionmarks ( also revised up daily outputs by jul22 ), higher venezuelan output hopes and global growth/demand/inflation concerns. Today, some slight downs are likely as around 117.50 $/barrel for brent.

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