Oil stress is rising as the supply chains and buffers are drained

A brief sigh of relief yesterday as oil infra at Kharg wasn’t damaged.

But higher today. Brent crude dabbled around a bit yesterday in relief that oil infrastructure at Iran’s Kharg island wasn’t damaged.

It traded briefly below the 100-line and in a range of $99.

54 – 106.

5/b.

Its close was near the low at $100.

21/b.