Earlier this week, crude broke through the $100 level. It did so without really so much as a pause on a day when futures posted a massive 13.8% gain. If you missed that move or, like me, you simply got it wrong, you will be looking around for opportunities from here. It goes without saying that it is a difficult task at this point. Everything has moved already, and it is hard to say that crude, even up here, is overreacting to the situation given the possibility of an embargo on a producer as important to global supply as Russia. Where there has…
