Greetings,
Energy: Discussions of a Russian oil embargo and a setback in the Iran deal sent crude oil to multi-year highs. At this point, however, it’s not clear if Europe will agree to halt Russian oil purchases.
![The Daily Shot Brief – March 7th, 2022](https://thedailyshot.com/wp-content/uploads/EN-Ban-ST2203070533.png)
![The Daily Shot Brief – March 7th, 2022](https://thedailyshot.com/wp-content/uploads/EN-Brent2203070533.png)
European natural gas is up 45% today on Russian supply concerns.
![The Daily Shot Brief – March 7th, 2022](https://thedailyshot.com/wp-content/uploads/EN-EU-NG2203070533.png)
Commodities: COMEX copper futures hit a record high.
![The Daily Shot Brief – March 7th, 2022](https://thedailyshot.com/wp-content/uploads/CO-COpper2203070533.png)
Copper inventories could be depleted by the end of this year.
![The Daily Shot Brief – March 7th, 2022](https://thedailyshot.com/wp-content/uploads/CO-COpper-FLows2203070533.png)
Equities: US mega-caps continue to widen their underperformance.
![The Daily Shot Brief – March 7th, 2022](https://thedailyshot.com/wp-content/uploads/EQ-FANG2203070533.png)
Eurozone: Bunds had the best week in over a decade.
![The Daily Shot Brief – March 7th, 2022](https://thedailyshot.com/wp-content/uploads/EZ-GE-10y2203070533.png)
United States: The Citi Economic Surprise Index is rising, boosted by the employment report.
![The Daily Shot Brief – March 7th, 2022](https://thedailyshot.com/wp-content/uploads/US-NFP-Citi2203070533.png)
Food for Thought: US weather and climate disasters:
![The Daily Shot Brief – March 7th, 2022](https://thedailyshot.com/wp-content/uploads/VTN-US-Weather-and-climate-disasters2203070533.png)
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com