RE:RE:RE:RE:Russia lowers nuclear threshold The point I made earlier about the Russia nuke story was to show that the serious escalation had zero affect on prices last Friday. It coincided with the Zelinsky visit to the US where he lobbied for access to the long range missiles and how that was essentially discounted from the oil market. It also ties into this developement and example which should add to oil support so try real hard to follow:
So the Israel situation located in the middle east has zero geopolitical risk, its only Russia you say?
But also recall last week when oil prices contracted 3% on news that there may be a peace deal between Hamas and Isael, both not oil producing nations. But instead, of peace, Israel bombs Yemen, a small oil producing nation, but more importantly they are situated in the strait of Hormuz where 30% of the oil traded is transported, and they have attacked Western ships in the region. Add that Iran is threatening to respond to the Yemen strikes, the ground invasion and bombing in Lebanon and it carries no additional risk?? How is it that news of a peace deal between Hamas and Israel lowers prices 3%, but instead escallation means zero, that seems sort of biased and discounting any bullish news..
Just how much of the $68 oil does the premium account for? $10-15 dollars, so WTI should be priced at $53-58 then?