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The_dumpster_diver
5 mar 2021 02:55

Pay attention to the offshore yuan Kort

Crude Oil FuturesNYMEX

Beskrivning

Part of oils amazing recovery is based on Chinese demand coming back to normal. As the yuan weakens all commodities especially crude will take the biggest hit. Oil is temporarily strong due to refinery outages still on going from last week's storms. When they come back online while demand is weakening it's a recipe for a nasty correction
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