Crude Market Oscillating between bearish and bullish sentiments
Considering a well-developed relationship with volatility, the prices of Crude are on the rise again after rebounding from the lowest levels in late February. Oil prices have seen yet another wave of increased instability as the Russia-Ukraine situation enters its third month. Russian troops have intensified their attack on eastern Ukraine's Donbas region, prompting the Group of Seven nations' finance ministers and Central Bankers to declare that they aim to isolate Moscow from the global economy for its unjustified "war of aggression." The crisis is expected to devolve into a war of attrition, with Russian officials hoping for the defenders to surrender after running out of food or ammunition while the attention switches to the Donbas. Trying to interpret the oil markets at this moment, however, is like looking into a clairvoyance. The European Union is still considering an embargo on Russian oil, but despite the lack of formal agreement, a number of consumers appea...