Will Cunliffe
Research Analyst, The Officials
An orange swan event
Near 4 year record at morning in Brent and the market dropped by $20 in the afternoon!
Near 4 year record at morning in Brent and the market dropped by $20 in the afternoon!
What a day for Brent flat price. From 90 bucks, up to almost 120, then back down to 96. A $20 fall on any other day would have constituted an oil market crash! Chaos reigns in the North Sea as well as the Gulf! We’ve never seen such a manic window: Exxon’s splurge of Forties bids, Merc’s numerous Midland offers.
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