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ANZ on higher oil prices - China demand expected higher, supplies tightening

ANZ on higher oil prices - China demand expected higher, supplies tightening
ANZ on crude oil developments driving the price up:well supported by the broad risk-on tone across commodities sparked by the Politburo statementfurther signs of tightening supplies remain the key driver of the marketRussia’s seaborne crude exports from Baltic and Black Sea ports fell to 1,17mb/d in the week to 23 July. This is its lowest level in seven months, as Moscow implements the recently announced production cuts. The reduced availability of Urals crude has seen its discount to internatio... Read More
Posted: Jul 25 2023, 23:43
Author Name: forexlive
Views: 102155

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