Reloading the US ’oil-gun’ (SPR) will have to wait until next downturn

Brent crude traded down 0.

4% earlier this morning to USD 91. 8/b but is unchanged at USD 92.

2/b at the moment.

Early softness was probably mostly about general market weakness than anything specific to oil as copper is down 0.

7% while European equities are down 0.

3%.

No one knows the consequences of what a ground invasion.