The Oil Cap Just Broke . . . . Brent at $98, but PHYSICAL OIL +$8 Higher! $106 per Barrel
Sep 8
1 min read
The oil cap has broken!
The Houthis in Yemen hit three Saudi Aramco sites in 24 hours and all three are still burning.
Brent Crude Oil cleared $98 on Futures Markets, but physical is trading $8 above futures, and Riyadh's own energy ministry confirmed the strikes - while Washington kept insisting Hormuz is fully open.
The World is Falling Apart
Behind that: the Bank of Japan (BoJ) is dumping Japan Government Bonds (JGBs) at a record pace and sold ~$90bn of U.S. Treasuries to fund the yen defense.
Copper took out an all-time high.
Russia put ~60 missiles into Kiev the moment the Witkoff-Kushner ceasefire window lapsed last night.
