Midday Crude Oil Analysis: Sanctions on Russian oil and conflicts in the Middle East, has the oil price breaking $80 per barrel just begun?
After the Biden administration announced strengthened sanctions on Russia's Energy exports, Brent Crude Oil Product Futures surged significantly during the early trading session in Asia, with prices exceeding 80 dollars per barrel.
The USA has implemented the "harshest" sanctions against Russia! Russia claims it will respond, and both oils opened higher with a gap.
This could be the key support for the strengthening of oil prices! Speculators have even already Hold long positions waiting for an increase...
The USA has implemented the "strictest measures" against Russia, and oil prices have reached a four-month high.
After increasing nearly 4% in the previous Trade, the Global benchmark Brent Crude Oil Product price rose to over $81 per barrel. The West Texas Intermediate Crude Oil Product price is close to $78.
"Oil Bull" makes a comeback! With the US, UK, and Japan sanctioning Russia, is a Global Energy storm arising again?
Market Call sentiment returns.
The Trump 2.0 policy is coming! Tariffs and deregulation have sparked an investment boom in the Energy, Technology, and Financial Sectors.
As Trump is about to start his "2.0" policy era, investors are closely watching its potential impact on key Industries such as manufacturing, Energy, and Technology.
Oil Prices Pop on Icy Weather, More Sanctions -- WSJ