15 August 2025: 09:30 BST
Maybe traders are too busy scouring Truth Social for an indication of how the Trump-Putin summit will go to keep up with their long positions, as Brent began to slide when Europe awoke this morning, nerves a-jangling! By the close it had slid to $66.32/bbl, having opened near $67. The bullishness from last night is gone!
Traders were earlier very bullish with comments about intermonth spreads, ‘roofing.’ The mood is more tempered now, but everyone is hanging on to what Trump and Putin will decide. Mr Z is still busy, droning whatever he can, but it feels like mosquito bites, annoying, but they don’t change the enveloping force of Russia swallowing up more territory.
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