Risk-On Vs. Liquidity Squeeze

If you can’t trust Russian President Vladimir Putin then who can you trust? European natural gas prices fell after Mr. Putin assured Europe that he would provide all the gas that he was contractually obligated to sell to Europe. Of course Vladimir Putin also said that when he was on the Ukrainian border that those were only war games and he had no intentions of invading Ukraine. What happened after that I’m sure was just a big misunderstanding. Putin tried to assure Europe that the cut-off of natural gas supply was not a warning but just some simple maintenance. Reports that gas flow through Nord Stream 1 pipeline started but at a very low rate.

Image and article originally from www.barchart.com. Read the original article here.