The Brent oil price continued its rocket impersonation Friday night up another 3% to $35.91. Henry Hub joined in just because:
The proximate trigger, rumourtaged output cuts from Russia and OEPC, is increasingly discredited but the market is running now on moar alone. From Bloomberg:
A decision on cutting oil production is possible only if all crude-exporting nations are in agreement and there’s no timing for talks, Russia’s Energy Minister Alexander Novak said.
