Just Saying
Apparently, there’s not an invasion, at least a Russian one, that oil prices as in higher don’t like.
One could label it the Putin put or short. Take your pick. Putin seemingly goes for twofers.
He probably shorted Russian equities before unleashing his brigades taking a page from U.S. Federal Reserve bureaucrats. Front running is a two way boulevard.
The Dow Jones Newswires reported
The SPDR Energy Select Sector ETF (XLE) gained 0.5% in midday trading Tuesday toward the highest close since October 2018, and was the only S&P 500 sector tracking ETF to gain ground, as crude oil prices spiked up to the highest prices seen since July 2014 as Russia's invasion of Ukraine intensifies.
Among the energy ETF's (XLE) biggest gainers, shares of Occidental Petroleum Corp. (OXY) rallied 5.2% to a two-year high, APA Corp. (APA) advanced 3.3% toward the highest close since April 2019 and Chevron Corp. (CVX) jumped 2.7% toward a record high. The gains comes as continuous crude oil futures shot up 10.5% to $105.79 a barrel, while the S&P 500 fell 1.7%. Meanwhile, shares of Halliburton Co. (HAL), which disclosed earlier this month in its 2021 annual report that it could hurt by increased sanctions imposed on Russia for invading Ukraine, dropped 6.1% to pace the XLE's decliners.
Be careful how you word things, however, because MSM, the illegal arm of the government and the Democrat Party, will accuse you being a rooting, tootin’ Putin stoolie spreading Russian propaganda.
What they’re really pissed off about is they don’t want any competition.
Now the Associated Press, an outfit that knows something about the two Ps, preying and propaganda, ran this headliner today: “Reading Putin: Unbalanced or cagily preying on West’s fear?”
Before you breakout in uncontrollably LOL after reading the two paragraphs below, the West calling anyone else unbalanced, reckless and impulsive…well, you get the drift. How about rambling?
WASHINGTON (AP) — For two decades, Vladimir Putin has struck rivals as reckless, impulsive. But his behavior in ordering an invasion of Ukraine — and now putting Russia’s nuclear forces on high alert — has some in the West questioning whether the Russian president has become dangerously unstable. Putin.
In recent days, Putin has rambled on television about Ukraine, repeated conspiracy theories about neo-Nazism and Western aggression, berated his own foreign intelligence chief on camera from the other side of a high-domed Kremlin hall where he sat alone. Now, with the West’s sanctions threatening to cripple Russia’s already hobbled economy, Putin has ordered the higher state of readiness for nuclear weapons, blaming the sanctions and what he called “aggressive statements against our country.”