Jonathan Barratt on proposed G7 cap on Russian crude, volatility & more

“Russia is the second largest producer and holds a very big sway in terms of where the price goes. It is going to come on December 5. All eyes would be on that for the near term direction and if we do see that then I can see a bit of a lift from here. Technically, we are also at a major low. If the $85 level actually holds and we get a spike, then prices can get quite heavy to the top side.”

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