Very relaxed at USD 75/b. Risk barometer will likely fluctuate to higher levels with Brent into the 80ies or higher coming 2-3 weeks

Brent rallied 12% last week.

But closed the week below USD 75/b and it is still there. Very relaxed.

Brent crude rallied 12% to USD 78.

5/b in the early hours of Friday as Israel attacked Iran.

The highest level since 27 January this year.

The level didn’t hold and Brent closed the day at USD 74.

23/b.