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U.S. oil prices have risen above $90 a barrel, reaching this threshold for the first time since October 2023.
Spencer Hakimian announced the move, highlighting the significance of oil’s latest price milestone in global energy markets.
The market’s reaction to oil’s climb underscores the impact of abrupt geopolitical developments on commodity pricing—a theme previously examined in the context of strategic currency trades, such as the ruble short that presaged the 2014 Crimea crisis, as detailed in Spencer Hakimian’s analysis of Epstein’s financial maneuvering ahead of the annexation.