Crude oil prices increased by more than 1% on Monday as investors’ fears of supply disruptions grew amid intensifying attacks between Ukraine and Russia. Ukrainian President Volodymyr Zelensky announced yesterday that his country was preparing new “deep” strikes against Russia, while German Chancellor Friedrich Merz stated he is bracing for a “long war” in Ukraine as a potential bilateral meeting between Russian President Vladimir Putin and Zelensky grows more unlikely. West Texas Intermediate (WTI) for October’s settlements climbed by 1.14% at 5:47 am ET to go for $64.72 per barrel. Meanwhile, Brent for deliveries in November advanced by 1.07% at 5:48 am ET, going for $68.16 per barrel.
NN: I am adamant that Trump has really blown it big time. This negotiation with Vladimir is going no where. Putin is not going to make a REAL peace deal. He has come to the table as a stalling tactic. He’s make a fool out of Trump. The oil price dropped when traders believed their would be peace in the valley. The market had a organism as the band played and the big red carpet was rolled for Putin and the bromance handshake was beamed live around the world. As the meeting wore on I laughed my ass off and bought oil with both hands. Soon Trump and his advisers will realize they have been hoodwinked. And a very pissed off embarrassed Trump will slap serious sanctions on exports of Russian oil. There’s going to be no oil out of Russia they’re going to cut off Putin’s money flow. The war is going to escalate as China and North Korea support Russia. And this war is going to drag a sleeping Europe into the fray. Putin has stepped up its attacks on Ukraine’s major cities especially Kyiv. On the other hand Ukraine is targeting Russian oil infrastructure, Putin sees a victory he believes he can conquer all of Ukraine. it won’t take him much longer if the stupid Europeans and Americans do not supply boots on the ground. Russia doesn’t want peace Putin wants War. He sees Russia as the king of the north. He wants to rule Europe and I got to tell you he’s got a shot at it. So in the meantime the oil market is going to come unglued prices are going higher and higher and higher. And we’re going to break out to the other side of $100 oil. The way you make real money is perceiving opportunity and value when other people don’t. And waiting them out!