Russia-Ukraine tensions keeps affecting markets, especially commodities, which are the most vulnerable to such conflicts. As we know international sanctions are being introduced so global inflation gains momentum.
Crude Oil Price – Implications:
UKOIL gained Ca. 8% on today’s opening, however, as the chart (courtesy of TradingView.com) shows, a small downtrend appeared sometime late.
BRENT’s west brother WTI (USOIL) increased even more – almost 10%
As Patrick De Haan claims:
