Brent Swung Between $100 and $110 -- the War Premium Is Now the Market
Brent traded a $10 range on a single day, opening at $100.30 and hitting $109.71 -- the war premium is no longer a premium, it is the price.
Hendrik Van Der Berg
Bureau: Brussels
The War Premium Is Not a Premium. It Is the New Floor.
Countries are hoarding oil, Goldman warned of $150 crude, and Reuters declared hoarding 'the new normal' -- the war premium has become structural.
Liberation Day Plus One Year: $166 Billion Collected, 100,000 Manufacturing Jobs Lost, Struck Down by the Court
One year and one day after Liberation Day, the tariffs collected $166 billion, shed 100,000 manufacturing jobs, and were ruled unconstitutional -- the refunds have not started.
BlackRock's $150 Oil Warning Stands: Brent Holds Between $100 and $110
BlackRock CEO Larry Fink's March 25 warning that $150 oil would trigger a 'stark and steep global recession' remains operative as Brent trades in the $100-110 range with upside risk growing.