Wow people are making a whole bunch of guesses leading into tomorrow, prices are jaggy as hell

Anybody got any specific news triggering this in east Asia? I don't have the sources I"d like. Mainichi is talking about the subsidy fund running dry in a couple of months but frankly I think they should be pairing it back _now_, long term, for carbon reasons.

https://mainichi.jp/english/articles/20260407/p2a/00m/0bu/006000c

#economy #japan

Japan's gasoline subsidy fund may run dry in 2 months as oil prices surge - The Mainichi

TOKYO -- Estimates by the Japanese government indicate that its subsidies to cap gasoline and other fuel prices will require about 500 billion yen (ar

The Mainichi

WTI is almost $5 above Brent at this point, which is a massive swing in a very short period of time, and it has to be east Asia buying inconvenient oil.

Remember this countdown:

#oil #OilPrice #economy