March 3, 2011
Russian markets take fright on Putin threat to Ukraine
Google the header..............
Putin has to be off his rocker, unless his objective is to cause the price of oil to sky rocket!
As we note Oil is up!.
Name Contract Last Change Open High
Crude Oil WTI CLJ14 (Apr '14) 104.76 +2.17
Crude Oil WTI CLK14 (May '14) 104.04 +2.15
Crude Oil WTI CLM14 (Jun '14) 102.97 +2.02
Crude Oil WTI CLN14 (Jul '14) 101.81 +1.85
Crude Oil Brent (F) QAJ14 (Apr '14) 110.88 +1.81
Crude Oil Brent (F) QAK14 (May '14) 110.43 +1.80
Crude Oil Brent (F) QAM14 (Jun '14) 110.25 +1.94
Crude Oil Brent (F) QAN14 (Jul '14) 109.48 +1.52
This shall all pass. It always does, in time!
Putin has an ace up his sleeve. He supplies natural gas to Western Europe. Look for us to let him keep his warm water port on the Black Sea in the Crimea. Look for us to let him split up Ukraine. The east goes to Russia.
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