The world’s biggest independent crude trader says the current prices of oil do not reflect the risks that are out there. Oil rebounded as traders weighed a warning from Vitol Group that prices had sunk too far against a virus outbreak in China and prospects for more strategic crude releases. West Texas Intermediate erased losses early in the session to climb back above $100 a barrel, after last week collapsing 13% for the biggest weekly decline in two years. Vitol , the world’s biggest independent crude trader, said at the weekend that prices had fallen to levels that didn’t reflect risks, including disruptions to Russian exports as the war in Ukraine drags on. Investors will also get a clearer insight into the perspective of OPEC+ heavyweight Saudi Arabia in the coming days when Saudi Aramco releases official selling prices for May-loading cargoes. A Bloomberg survey of traders and […]