Futures sky-rocketed overnight as Putin hinted at positive "shifts" in discussions.
Short-covering.
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. https://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
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