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Highlights, Tidbits, Markets & Rain Days Update 11/12/22


China did shorten the covid quarantine requirement by two days. The quarantine of close contacts was reduced to five days at a centralized location plus three days of isolation at home. That news supported crude oil and biofuels yesterday, but 8 days of lockdown does mean crude oil should not be at a higher price than it is.

The UN negotiation chief met yesterday in Geneva with Russia's Deputy Foreign Minister to negotiate an extension of the Ukrainian Grain Export Corridor. When the meeting adjourned, the statement reported talks were “constructive.” No mention if the talks will continue.

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