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Thursday, April 25, 2024

Comment by phil

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  1. phil

    /NKD had a nice dip back to 18,600 but recovered half the drop on better than expected China PMI (50.1 – nothing to get too excited about).  We're waiting on Hong Kong GDP at 10 – expected 1.6% for the year. 

    API showed an 8.9Mb build in oil but a 2.4Mb draw in distillates and 1.6Mb draw in gasoline.  Numbers like this were to be expected with part of the refining capacity offline – so kind of neutral.



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