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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (122865)	3/29/2022 6:58:06 PM
From: Goose94	Read Replies (1) of 202931

Crude Oil: Why Prices Are Finally Falling An apparent breakthrough in peace talks between Russia and Ukraine has provided oil markets with some much-needed bearish news. Just after European countries had walked back threats of sanctioning Russian oil, Russia promised to scale down military operations in the north of Ukraine. The promise from Russia has sparked hope that the war in Ukraine may finally begin to deescalate. Meanwhile, China’s zero-COVID strategy has led to more lockdowns, lockdowns that are likely to reduce demand for the Asian giant. WTI is threatening to fall back below $100 on the news, although oil markets still remain tight. OPEC Warns Against the Politicization of Supply. In a thinly veiled riposte to the IEA, OPEC heavyweights Saudi Arabia and UAE warned against politicizing oil supply issues, arguing that squeezing any member out of the alliance would only increase prices and hit customers even harder. Oilprice.com

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