10 September 2025: 16:30 BST
The orange man hits yet again! Trump’s “Here we go!” response to the Russia-Poland drone situation overwhelmed the bearish sense the EIA inventory build report gave the market. Flat price jumped almost 50c/bbl within a minute to $67.50/bbl, even the prompt spread gained on the news to climb to 35c by London close. But the night is young, folks! Geopolitical nerves are jangling again and APPEC attendees look worried. The Israeli attack on Doha has ostracised the US even further, as many at APPEC say, “We can’t trust America.”
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