Structurally, Oil looks to be moving higher in time.
We see Early July as the pivot to higher after a potential
dip in to lows to chase away the Retail Herd.
China imported a record volume of Russian crude in May,
with arrivals surging by 55 percent to nearly 2 million BPD.
This has made Russia the top oil supplier to the world's
leading crude importer—putting it ahead of Saudi Arabia
for the first time in a year and a half. A record volume
of cheap Russian oil, which sells at steep discounts to
crude from other countries, made its way to Chinese refiners
last month, according to figures from China's Administration
of Customs.
Off NYMEX Pricing discounts are quite common and have been
for some time.
Our Riggers appear bound and determined to spike Oil as high
as possible to suit their needs for the Greener Agendas and
pastures of the promised BBB.
Build back from the rubble... isn't going to work now other than
facilitate a move to Robo Transpo.
We see Early July as the pivot to higher after a potential
dip in to lows to chase away the Retail Herd.
China imported a record volume of Russian crude in May,
with arrivals surging by 55 percent to nearly 2 million BPD.
This has made Russia the top oil supplier to the world's
leading crude importer—putting it ahead of Saudi Arabia
for the first time in a year and a half. A record volume
of cheap Russian oil, which sells at steep discounts to
crude from other countries, made its way to Chinese refiners
last month, according to figures from China's Administration
of Customs.
Off NYMEX Pricing discounts are quite common and have been
for some time.
Our Riggers appear bound and determined to spike Oil as high
as possible to suit their needs for the Greener Agendas and
pastures of the promised BBB.
Build back from the rubble... isn't going to work now other than
facilitate a move to Robo Transpo.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.