Oil

Crude back above $104
$XMO Trading above $88;up 39% YTD
Saudi’s production <10mil bbl

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With Saudi Arabia you never know. They either like the high prices. Or are helping Russia. Or, possibly, they no longer have the spare capacity they used to have. Take your pick. Any of them mean higher oil and gas prices, for everyone. World wide.

Short term moves are not an idicator of anything. This rise in oil prices is probably due to stock market gains today.

Short term moves are not an idicator of anything

Ahhhhh…
https://tradingeconomics.com/commodity/crude-oil

Oil up 35% YTD

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No one really fully knows Saudi output. Dictators sell more oil out the back door. Particularly when prices are high.