Brent dropped below $80, for the first time since OPEC+’s production cut.
Oil Prices Slip As Banking Fears Return (https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Slip-As-Banking-Fears-Return.html)
“Oil continued the slide from Tuesday when prices fell by 2% to the lowest level so far this month. Prices were dragged down by renewed concerns about the U.S. banking sector after California-based lender First Republic spooked the financial markets on Tuesday, saying it had lost 40% of its deposits in the first quarter...
...A stronger U.S. dollar also weighed on oil prices on Tuesday.”
Alot of this is now scrap metal.
“Russian forces have emptied out this military depot in northern Crimea, new satellite imagery shows.
This site was used to store tanks, armored vehicles, and artillery.”
https://twitter.com/bradyafr/status/1651167988089847809