RE: Brent live 121$5 Mar 2022 09:22
I would rather they just , as you said, stayed around 100, maybe 110. Im concerned aboutbanswing down, which would pull the SP disproportionately down ( when you look how it barely went up) when we are at a time of perceived weakness,. I'm also concerned about what countries will start doing, if they can do anything if OP climbs too high. I would rather oil increases slowly, but not yet. I think after COVID etc i would have wanted to see a better economy, that was stronger. Could Russia also dump all its oil and stupid prices again? If russian oil is taken of the table for the west I wonder if it will actually help stabilise OP or lower it? Or would it go sky high, I ask because I see China, India etc going exclusively to Russia, if that's possible and then the west sticks with others? Havnt looked at shipping % distribution etc, but just a thought.