Oil prices retain a positive bias and it would have been a woeful performance from those that gathered at the OPEC JMMC if any intimation of increased supply from members had been uttered.
It can cynically be called ‘special military operation’ or a few thousand miles south, perhaps justifiably, the right to defend oneself. The fact of the matter, however, is that wars are raging in Eastern Europe and in the Middle East.
The smartest oil trader will become insolvent quickly if she is the only one who reads fresh developments and events correctly, whilst the rest of the market takes a contrary view and makes counterintuitive bets resulting in taking all her money.
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