Slugcatcher's GOAT (the Great Oil Adjustment Trade)

THE Great Oil Adjustment Trade, to be referred to in future by Slugcatcher as the GOAT, gathered pace last week with Europe saying it would stop buying Russian oil, China saying it’s a buyer (at a discount) and Britain considering an oil industry super-tax.

09 May 2022
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While all that talking was underway the oil price resumed its upward journey, slipping past the US$113 a barrel mark and seemingly on track for $120/bbl sometime later this year, and perhaps a lot

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