Sunseedman | Daily Reports on Vegoils

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Russian/ukrainian war: Today is 146th 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 etc corridor for ukraine ???

Petrol: By yday, petrol was further soared with technical correction, no-iranian nuke deal yet/new us sanctions, embargo on russia, global tightness and geopolitical risks ( ru/ukr war ) albeit higher weekly us crude stockpiles, resumed libyan output, biden’s visit to middle-east, underway chinese lockdowns, opec+ output hike plans ( already confirmed ) and higher venezuelan output as well as global/us growth/demand/inflation/recession/interest rate hike concerns. Today, direction- seekings are likely as still around 106 $/barrel for brent ( sep22 delivery ).

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