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The Commodities Feed: Macro concerns weigh on sentiment | Hellenic Shipping News Worldwide

The Commodities Feed: Macro concerns weigh on sentiment | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

The commodities feed: Saudi OSP raised to record highs

Oil prices are finding some further support in early trading today. The market is waiting to see what further EU sanctions are imposed against Russia

The Commodities Feed: Saudi OSP raised to record highs | Hellenic Shipping News Worldwide

Energy Oil prices are finding some further support in early trading today. The market is waiting to see what further EU sanctions are imposed against Russia following some horrific images coming out of Ukraine in recent days. There will be nervousness around whether these sanctions will target Russian energy exports. Up until now, though, EU .

The Commodities Feed: Biden confirms stock release | Hellenic Shipping News Worldwide

Energy President Biden confirmed that the US will release 1MMbbls/d of crude oil over a 6 month period from the US Strategic Petroleum Reserve (SPR), which will work out to about 180MMbbls. This would be the largest stock release in the history of the SPR. The US administration hopes that this will be enough to .

Zinc supply disruption unreduced price high volatility [institutional review]_SMM

[Huizhou Merchants Futures: unreduced Zinc supply disturbance High Price concussion] since December 2021, the main contract of Shanghai zinc has shown a concussive upward trend, and the main trading logic focuses on the continuous fermentation of production reduction at the smelting end brought about by high energy prices in Europe. As far as the current situation is concerned, we believe that the loose policy environment in the context of domestic "steady growth" and the optimistic expectations of the market for infrastructure consumption have not been solved. The continued tightening of the overseas smelting end gives strong support to the bottom of zinc prices, and zinc prices will still show a high volatility trend with bottom toughness in February.

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