Futures sky-rocketed overnight as Putin hinted at positive "shifts" in discussions.
As I've said, if the war ends oil will likely collapse. If it escalates, everything else collapses, and oil will follow. Either way I don't see long-term upside for black gold. pic.twitter.com/0zcKWrdTdr
— Mac10 (@SuburbanDrone) March 11, 2022
When the #Fed starts hiking interest #rates, that is generally the peak of #oil prices. t.co/gn19ROElFp pic.twitter.com/eIQ2RMHRRh
— Lance Roberts (@LanceRoberts) March 11, 2022
Putin: "There are certain positive developments with Ukraine negotiations"
Oil selling off ~$5/B on this… important to frame it against all the previous lies from the Kremlin and the posture of Russian military appearing to prepare for an attack on Kyiv | #oott #oil #Ukraine pic.twitter.com/WVNZudSb6W
— Will Hares (@WillHares) March 11, 2022