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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (120729)	2/25/2022 5:52:50 PM
From: Goose94	Read Replies (1) \| Respond to of 203382

Crude Oil: Fall As Russia's Energy Exports Avoid Sanctions One might think that Russia’s invasion of Ukraine would have triggered a much stronger response from the international community. Instead, there seems to be hesitancy and squabbling between European leaders. The fact that oil prices are hovering around $100 per barrel and gas prices have skyrocketed to $50 per mmBtu will certainly have played a role in feeding this hesitancy. It seems that Russian oil and gas flows are too important to international markets for Western powers to target them with sanctions. The lack of sanctions on Russia's energy exports is the main reason we have seen oil prices fall back on Friday. Russia’s Invasion into Ukraine Lifts Commodities. The largest war in Europe since WWII sent commodities worldwide into an upward spiral, with European gas soaring to the equivalent of $50/mmBtu, oil above $100 per barrel, and wheat trading at all-time highs. Bank Reluctance to Deal with Russia Dents Prices. Russia’s flagship Urals grade collapsed on the back of the Kremlin-led invasion into Europe as leading buyers of the barrels were unable to open letters of credit in Western banks to guarantee payment, with banks wary of potential sanctions. Oilprice.com