Oil's Wild Rollercoaster Defies Market's Comfort Zone
Key Points
- Geopolitical tensions, like the Caspian Pipeline woes, are s...
Ever wished predicting oil prices was as easy as guessing tomorrow's weather? Well, neither are easy these days, folks! The global oil market continues to make seasoned traders scratch their heads while reaching for their antacids.
Russian Roulette with Pipelines
Those pesky geopolitical tensions are at it again! A Ukrainian drone attack on the Caspian Pipeline Consortium has cut Kazakhstan's oil flow by 30-40%. Meanwhile, Russia's playing hard to get, making everyone nervous about supply chains. PVM analyst John Evans notes that peace talks have gone cold - colder than your ex's heart dur...
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