The Oil Leaking into the market is probably then gets counted so probably escalation could have gone even higher. I think there is more oilflowing into the market than gets counted. The second important factor, we saw this in earnings is what i would call downstream of the new upstream for the middle east. They have commissioned big refineries, almost plus 2 Million barrels capacities. They are putting almost 1. 5 million barrels more product into the market, which in my view is effectively sending prudent to the rest of the world, so they keep the Oil Prices from rising high. I guess the high Oil Prices is also not good in 0pec Side of unity because then it would start a bit of Non Compliance and other things start happening, so i would say 80 90, more than the price of the price of the market, that is what 0pec is targeting. Speaking of opec, they have lowered their outlook, softer expectations for Oil Demand coming up from china. What is your outlook on that front . I would say that
One, i believe the opec map. The Oil Leaking into the market is probably then gets counted for the probably escalation could have got higher. I think there is more oilflowing into the market than gets counted. The second important factor, we saw this in earnings on what i would call downstream of the new upstream for the middle east. They have commissioned big refineries, almost plus 2,000,000 dollar capacities. They are putting almost 1. 5 million more product into the market, which in my view is effectively sending prudent to the rest of the world, so they keep the Oil Prices from arising high. I guess the high Oil Prices is also not good in opec side of unity because then it would start a bit of Non Compliance and other things start happening, so i would see 8090, start happening, so i would see 80 90, more than the price of the price of the market, that is what they are targeting. Speaking of opec, they have lowered their outlook, softer expectations for Oil Demand coming up from c
China, the u. S. Rejecting chinas claims to the South China Sea. China than sanctioning u. S. Officials like ted cruz and marco rubio. U. S. Futures are pointing higher. We are also looking at what is going on with the virus as well as states like california reversing its reopening plans. U. S. Tenyear year, bonds up. U. S. Tenyear. We saw the dollar gaining a bit of steam against the yen, but seems like we are reversing some of that. Lets look at the boards and watch were Chinese Markets are going to see any reaction to the trade figures. We saw a bit of a pause in the risk rally when it comes to mainland equities, after we are seeing equities inching toward that 10 trillion milestone. Flip the boards and see what is going on there. Smallcap, those rose to follow five year highs. We have basically been flat the last 30 minutes of trade. Shenzhen stocks have been on fire. Hang seng down 184 points right now. Also with the city introducing the toughest virus measures since the pandemic
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