Thailand expects 33mln bbls of crude for April-May delivery
Context
Thailand's expectation of 33 million barrels of crude oil for delivery in April-May signals a significant supply addition to the market. This could influence global oil prices, particularly if demand forecasts remain stable or increase, potentially exerting downward pressure on WTI and Brent prices in the near term. Traders should monitor how this supply projection aligns with broader OPEC+ strategies and global demand trends.
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