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A Primer on How Oil Has Reflected Macro and Geopolitics

The Breakdown

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The US S Strategic Petroleum Reserve (SPR) Holds 600 Million Barrels of Oil

Oil prices have dropped by more than 25 % since the start of june, falling below 90 dollars a barrel for the first time since the ukrane invasion. But this is all happening with the us still releasing oil from the pr at a record rate. The geo politics of the situation remain, to me, the most interesting and important piece of this on august tenth,. bloomberg columnist havier bloss wrote in the energy markets, putton is winning the war. He points out that as bad as things are now, they're likely to get worse. Electricity costs for homes and businesses are set to soar from october, as the surge on oil income allows putton to sacrifice gas

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