Sunseedman | Daily Reports on Vegoils

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Russian/ukrainian war: Today is 106th 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 by jumping over the critical 123 $/barrel with technical correction, easing chinese lockdowns, disappointing iranian nuke deal developments, embargo on russia, global tightness and geopolitical risks ( ru/ukr war foremost ) albeit higher us weekly stockpiles, opec+ output hike plans and higher venezuelan output as well as global growth/demand/inflation concerns. Today, some slight ups are likely as still around 124 $/barrel for brent.

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