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Plus500 reports that crude fell about 0.1% and Brent about 1% on Monday, January 30, as traders weighed the pace of China's demand recovery and possible EU bans on Russian petroleum product shipments starting February 5. Shipments ahead of the ban may have raised near-term supply.
Expected EU sanctions on Russian product shipments could tighten diesel supply later, while near-term front-loaded exports weigh on prices.
plus500.comPlus500 MondayJan 30, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
