Comment by
mrbb on Jan 06, 2022 5:58pm
recent oil pop likely related to kazakhstan protest re-ignited, worst protest since independence 30 years ago. Russia troop invited in for peace keeping. Exxon, chevron likely get pushed out,putting their 100,000's bo/day at risk. Dozens Dead In Kazakhstan Protests That Started Over Rise In Fuel Prices | HuffPost Latest News
Comment by
mrbb on Jan 06, 2022 6:07pm
Key Kazakh oilfield hit by protests Key Kazakh oilfield hit by protests | Financial Post
Comment by
JohnSP on Jan 06, 2022 8:54pm
WTI futures currently at USD80.
Comment by
mrbb on Jan 07, 2022 12:18am
it was just 1 month ago WTI was ~ 65.5 this is the shortest turnaround on oil sentiment i can remember. That omicron was a gift in more than 1 way. The other omicron gift is related to covid pandemic but that's an off topic