Desperate Biden Reps were trying to talk to the Vene Madura when the oil price was rallying. I take these type of speclie with a handful of salt.
Look at the WTI crude, $83 and change is, hit the resistance and rotated back down. It is either inflationary (stagflation) or recession impinge demand. Complex issue since OPEN under the Saudi's tutelage controls the flow. I am only an armchair expert in the oil sector, very one dimensional based on chart trend but bnver assume Russia is a price taker!
There are so many military, financial and political considerations of future fate/destiny making that it is really foolish to make any predictions. As events unfold, so does our opinion changes should be the rule of thumb.
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