Will Cunliffe
Research Analyst, The Officials
Triple digits baby!
All benchmarks above $100 as we are now on the 10th day of the war in the Middle East!
All benchmarks above $100 as we are now on the 10th day of the war in the Middle East!
$100 was barely a pitstop! The oil market is strong. Trump spooked everybody and to be perfectly accurate his selfish actions have led to widespread destruction in the Middle East. The damage is so vast from the Fujairah terminal being fully shutdown, to BAPCO refinery, to Saudi production cuts, airports shutdown, food not going into the Middle East, water plants destroyed. The list goes on and all caused by one man from a country with too much power.
The Officials publish outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
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