All the market moving headlines lately are around Russian imports being blocked from the US, UK and Europe but there'
All the market moving headlines lately are around Russian imports being blocked from the US, UK and Europe but there’s a tail risk that Russia cuts them off from its side.
RIA reports that Putin today signed a degree blocking exports and raw materials from Russia of ‘certain materials’. The report says the list will be determined in two days.
If Russia blocks oil and gas exports, the price jump will be stratospheric. Google translate of the full RIA article:
President Vladimir Putin signed a decree on the application of special economic measures in the field of foreign economic activity to ensure the security of the Russian Federation.
The head of state instructed to determine in two days the lists of states where the import of certain products and raw materials will be prohibited.
He also instructed to ensure a ban on the export of products and raw materials from Russia until December 31, the list of which will be determined by the government.
WTI crude oil
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Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, and impact of politics stemming from OPEC. Short for the Organization of the Petroleum Exporting Countries, OPEC operates as an intergovernmental organization of 13 countries, helping set and dictate the global oil market.How to Trade Crude Oil Crude oil is most commonly traded as an exchange-traded fund (ETF) or through other instruments with exposure to it. This includes energy stocks, the USD/CAD, and other investing options. Crude oil itself is traded across a duality of markets, including the West Texas Intermediate Crude (WTI) and Brent crude. Brent is the more relied upon index in recent years, while WTI is more heavily traded across futures trading at the time of writing. Other than geopolitical events or decisions by OPEC, crude oil can move due to a variety of different ways. The most basic is through simple supply and demand, which is affected by global output. Increased industrial output, economic prosperity, and other factors all play a role in crude prices. By extension, recessions, lockdowns, or other stifling factors can also influence crude prices. For example, an oversupply or mitigated demand due to the aforementioned factors would result in lower crude prices. This is due to traders selling crude oil futures or other instruments. Should demand rise or production plateau, traders will bid increasingly on crude, whereby driving prices up. Read this Term is up $3.98 to $123.31.
