Sunseedman | Daily Reports on Vegoils

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Russian/ukrainian war: Today is 110th 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 fday, petrol was further lost with profit-takings, still some lockdowns in china, higher us weekly stockpiles, opec+ output hike plans and higher venezuelan output as well as global/us growth/demand/inflation concerns albeit disappointing iranian nuke deal developments, embargo on russia, global tightness and geopolitical risks ( ru/ukr war foremost ). Today, further downs are likely as still around 120 $/barrel for brent.

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