Crisis, With Strings Attached
By and
Putin intervenes in market on day when prices jumped 40% With winter fast approaching and a stunning energy price surge pummeling Europe, Russian President Vladimir Putin chose an opportune moment to use his country’s leverage as an oil and gas superpower.
On a chaotic day that saw European benchmark gas surge 40% in a few minutes, Putin eased prices by offering to help stabilize the situation. Russia could potentially export record volumes of the vital fuel to the continent this year, he said.
Bloomberg story --- but surprise, surprise right. Just like the same 'ol bs, on the US's "debt ceiling". All they do is inside trade ahead of headlines. Glta!