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The global oil market has been sending warning signals

Global market with for oil vysl dal to dal signly o slabch vyhldkch spoteby ernho golden. The latest closely monitored indicator of Asian consumption fell to a seven-month low minimum. The reason is the growing poet ppad nkazy v virus nowhich does not arise from the limited non-like ones confinementeven in Beijing with a population of 22 million. already is the largest importer oil na svt.

Markets with for oil weakened this month. A whole host of closely monitored metrics have been sending out warning signals. One of them was when the prompt spreads for Brent a American West Texas Intermediate has plunged into contango, which is a market structure that indicates abundant supplies raw material in the short-term horizon.

ervench vlajeek jet pibylo when se future already Brent it fell this week to the lowest prices since January. This happened on Monday when the price fell to 82.31 U.S. dollar for barreland today future already Brent subtract kv from that weekly ad drop. Today after 15:00 futures aired Brent they were trading around 85.6 U.S. dollar for barrelshow data Bloomberg.

Primie omnskch future on swaps in dubai, the asian consumption indicator on the physical market changed with for oilfell on Thursday at stock Exchange DME in Dubai under 1 U.S. dollar for barrel and this msc alone is down 80%. Go behind Russian invasion already Ukraine with the pitom, this straight went off the road and 15 U.S. dollar.

Swab COVID-19 v no a record-breaking increase, prompting people to ramp up movement restrictions. Oekvan oven nsk request rop so it will be. Someone nsk refineries are reluctant to buy in a nron situation biscuits nklad oil, which undermines the question. Meanwhile, traders are waiting for all the details G7 limit Russian oil with sanctions European Unionwhich should be released on December 5th.

Also, discuss the price with the EU diplomat the ceiling already Russian oil. But now it will be pretty much above the level for which biscuits raw material is currently on the market.
According to Bloomberg, they are led by the ceiling somewhere around 65 and 70 U.S. dollar for barrel. According to Which Argus Media has lowered its prices biscuits oil Urals on Thursday in two of the zpadorusk vvoznch terminal at about 52 dollar for barrel.

If buyers make an offer, the price isn’t fixed stropthey will not be able to travel to Europe, pedevm eck to cry tankery ani standardn drinking against risks like you no one oilstandard in this industry.

Sources: Bloomberg

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