Coal is up 220% from mid-December, oil is up 190% over the same period. Today's WTI oil price of US$110. The energy market is approaching panic, trying secure a vital energy commodity for the medium term (next 3-6months). US is releasing strategic reserves to calm, the market is going "ok,now what?".
I am usually ultra conservative surprising myself with US$150 a barrel is becoming real if nothing changes for poor Ukraine, which isn't looking likely, and OPEC don't reduce fear, there is a meeting coming up which will put a top in for a period. Iran still on the outer.
(not something I feel happy about, is the way it is)
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