Crude Oil (CL1) Down $2.36 Over Past 4 Hours, Moves Down For the 2nd Day In A Row; in an Uptrend Over Past 30 Days

Strong demand from independent refineries are likely to slow on a combination of storage facilities filling up with cheap crude oil, the recent rally in brent crude oil back above $40/b and not least the prospect for fuel demand, following the latest outbreak in beijing, being exposed to a second wave of lockdowns….