Crudeoil has surrendered most of its war premium with trader...

Johnsh wrote a post · Nov 1, 2023 16:07

Crudeoil has surrendered most of its war premium with traders unwilling to buy at prices only justified by a not yet realised and increasingly unlikely supply disruption. Instead the focus is turning to softening demand and lower refinery margins. Watch $87.50 in Brent #oott

$Occidental Petroleum (OXY.US)$ $Chevron (CVX.US)$ $Exxon Mobil (XOM.US)$

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