Prices strongly up on fears of disruption of Russian (pipeline and LNG) flows
European gas prices increased strongly yesterday, ignoring the continuation of Russia pipeline gas exports to Western Europe (which even increased to 258 mm cm/day yesterday,…
Last week’s crude oil price decline was likely caused by a broad selloff in Brent and WTI futures, as total open interest declined significantly. Looking at ICE Brent futures positioning, every category (managed- money, merchant players, swap dealers) reduced their exposure, as volatility was expected to rise, amid an uncertain OPEC+ production policy.