Oil and Bitumen Highlights: Movements of Markets
Bitumen Report – 9 Jan, 2023
Financial markets have started 2023 on Wednesday and crude oil initiated by falling further. Bitumen stayed in the former price ranges in most areas.
New CPI reports will be released this week. The pace of inflation seems to be slowed down.
Experts say that if China gets back on its casual economic trend, crude oil can boon through 100. But the condition in the country has not shown any positive sign regarding a better situation with Covid.
Iran had an 8.21% of competition over vacuum bottom on Friday.
Singapore’s fuel fell by about 32 dollars. Market’s request extremely fluctuates as it is the first days of the year.
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