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“Waiting for Results” – Thurs. AM TNT Thoughts/News 5-5-22

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TNT Tishwash:Oil Jumps Again And Reaches $110 Oil prices continued, at the beginning of Asian transactions, today, Thursday, to achieve gains from the previous session, driven by the European Union’s proposal to impose new sanctions on Russia, including the Russian oil embargo within 6 months. Brent crude futures rose by two cents to $110.36 a barrel by midnight GMT. West Texas Intermediate crude futures also consolidated its gains, rising by 15 cents, to eventually settle at $107.96 a barrel. With these increases, the two benchmark crudes rose by more than $5 a barrel, yesterday, Wednesday, according to what Reuters reported.  …

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