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Home News Oil & Energy

Physical oil market starts year with a rally on China demand, Russia sanctions

admin by admin
January 23, 2023
in Oil & Energy
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  • Crude differentials rise in Europe, West Africa, U.S.
  • China is buying more in physical market, traders say
  • U.S. discount to Brent can boost U.S. grades’ foreign appeal

LONDON/NEW YORK/SINGAPORE, Jan 23 (Reuters) – Crude oil prices in much of the world’s physical markets have started the year with a rally amid signs of more buying from China after it eased COVID-19 restrictions and concern that sanctions on Russia could tighten supply.

China, the…



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