š OIL JUST MADE A HUGE JUMP THIS MONTH
Brent oil price went from $72 to almost $120 per barrel since Feb 27 (before the Iran war started).
Thatās a 60% increase in just 10 days š³
And in March alone, itās up about 50% ā one of the biggest monthly jumps ever.
š Compared to past oil shocks:
1973 oil crisis: +266% (but took 5 months)
1979 Iran crisis: +167% (over 1 year)
1990 Kuwait war: +135% (over 4 months)
2008 boom: +50% (over 6 months)
2022 Ukraine war: +67% (over ~3 weeks)
ā” This is the fastest oil price spike in history⦠and itās still not over.
Brent oil price went from $72 to almost $120 per barrel since Feb 27 (before the Iran war started).
Thatās a 60% increase in just 10 days š³
And in March alone, itās up about 50% ā one of the biggest monthly jumps ever.
š Compared to past oil shocks:
1973 oil crisis: +266% (but took 5 months)
1979 Iran crisis: +167% (over 1 year)
1990 Kuwait war: +135% (over 4 months)
2008 boom: +50% (over 6 months)
2022 Ukraine war: +67% (over ~3 weeks)
ā” This is the fastest oil price spike in history⦠and itās still not over.