Brent crude breached the psychological $100/barrel mark yesterday following the Russian invasion into Ukraine. Markets reacted accordingly and drive energy prices up including European natural gas (TTF). Get your market update from WVenketas here:
mark yesterday following the Russian invasion into Ukraine. Expectedly, markets reacted accordingly and drive energy prices up including European. The potential disruption to crude oil supply from one of the world’s largest producers gave added impetus to the upside move.
Spotlight now shifts to OPEC+ who has disappointed in its global supply growth trajectory. The world will be seeking some form of respite from rampant crude oil prices via increased supply from oil producers within the OPEC+ collective.
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