Brent Crude Experiences Its Largest Spike In History, CNBC Reports

First it was the biggest spike since 1991, but now it is in world history. Is war just around the corner? We will have to wait and see.

““While in the short term the direct physical impact on the market might be limited, this should move the market away from its bearish macroeconomic cycle and raise the risk premium in the market as funds reduce their short positions,” said Chris Midgley, global head of analytics, S&P Global Platts”. Read more

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