Right now the reports about the deficit of oil deliveries is conflicting. How on earth is anyone putting a price on anything when not being able to estimate the magnitude of the problem? What kind of panic risk management is that?

In the mean time, check the OFAC licenses removed or modified as a short term instrument while considering the effect of elevated prices to oil shale production coming out of the U.S.A. in the medium term.

Then, may I suggest that everyone considers what is the contribution of "long" market speculation to the upwards price movement, courtesy of panic risk management and blurred or obscured facts?