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Oil price jumps over $3, as Ukraine launches a drone attack on a Baltic sea refinery near St Petersburg, Russia. Markets are still sensitive to Russian oil exports despite the 'oil cap'.

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Oil is beginning to dramatically decouple from Natural Gas and Diesel as the EU attemts to cap Russian oil exports, China is heading towards a recession. Diesel stockpiles are now the lowest since 2008 as a brutal winter could descend over the Northern Hemisphere.

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