WTI war premiumMorning,
What do you guys estimate the dollar amount added to WTI as a result of the Russian invasion of Ukraine? Before the invasion I believe WTI was in lowish $90's and seemed to be heading higher. Since the invasion there has been extreme volatility in WTI from $125-130 all the way down to $95ish. Most of those uninformed believe that current high prices are a direct result of the invasion - should we see a resolution of the war it seems likely that we would get an overreaction in WTI and energy stocks to the downside.
Regards