Jul

25

Interesting flexionic move of crude from 101 to 101.40 in minute just before announcement of Russian sanctions on oil tech. ["EU Expected To Add More Names, Entities To Ukraine Sanctions List"].

Anatoly Veltman adds:

Yes. And of course the jump was mainly on the Brent contract; WTI suffered greatly on spread basis.

Also note that US unleaded gasoline has lagged behind the oil advances of this month very significantly.


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