There is 1 new development worth noting to update the WTI balance. Previous point 🟢65 / 🔴35 → 🟢66 / 🔴34.
Russia–Ukraine — HEADLINE / future physical-risk → 🟢 Bullish +1. Reuters has just published an exclusive interview with President Zelenskiy: Ukraine will intensify attacks on Russian oil refineries, viewing this as a response to Moscow’s new airstrike campaign. He made it clear that the priority will be “oil refineries” because this is a source of revenue for Russia. Even more noteworthy is that this runs counter to Trump’s earlier requirement that Kyiv should limit strikes on Russia’s oil infrastructure because global diesel prices are rising sharply.
#ukraine $CL
Russia–Ukraine — HEADLINE / future physical-risk → 🟢 Bullish +1. Reuters has just published an exclusive interview with President Zelenskiy: Ukraine will intensify attacks on Russian oil refineries, viewing this as a response to Moscow’s new airstrike campaign. He made it clear that the priority will be “oil refineries” because this is a source of revenue for Russia. Even more noteworthy is that this runs counter to Trump’s earlier requirement that Kyiv should limit strikes on Russia’s oil infrastructure because global diesel prices are rising sharply.
#ukraine $CL