The conflict goes on, and so does $OIL.
It is now up +65% in the past 6 weeks alone. Putting pressure on inflation and risk assets at the same time.
As long as the conflict goes on, a $100+ OIL price is likely to remain. The longer it remains, the worse the outfall of the situation will be.

$OIL Now up about +35% since the escalation in the middle east.
This is not great for a variety of reasons. The fact it is still moving the way it does also shows there's not any believe in a quick resolution either.
Good to keep monitoring as a metric for risk appetite. The  x.com/DaanCrypto/sta…

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