Mikhail Klimentyev/Sputnik, Kremlin Pool Photo via AP
Hey there market people. Phil Rosen here.
I spent much of yesterday parsing through pages of data on where Russian oil is heading and how much buyers are paying for barrels.
The clearest takeaway is that the West's sanctions do in fact seem to be taking a toll as intended — Moscow's export revenues are down, but plenty of oil remains available as far as global supplies.
MLADEN ANTONOV/AFP via Getty Images
Russian Ministry of Defense
US Army photo
Diego Herrera Carcedo/Getty Images
MIKHAIL KLIMENTYEV/SPUTNIK/AFP via Getty Images
Pool/Yuri Kadobnov via Reuters
Kim Kyung-Hoon/Reuters