So WW3 is about to commence, and even if it doesn't we have the entire World, mostly, cutting off the Russian economy; significantly, 14% of the Worlds oil supply. It doesn't look like Ukraine and Russia can find common ground.
Inflation is here, feds raise rates, oil supply down significantly. Demand is up with Covid becoming a fart in the wind.
I see Iran and Venezuela in the wings for oil supply, but will that really play out as expected considering the foreign policy blunder / political fallout behind such support?
So what am I missing in regards to the stock market and oil prices? Why aren't stocks tanking and why isn't oil higher than the spike to $130 just a week ago?
Inflation is here, feds raise rates, oil supply down significantly. Demand is up with Covid becoming a fart in the wind.
I see Iran and Venezuela in the wings for oil supply, but will that really play out as expected considering the foreign policy blunder / political fallout behind such support?
So what am I missing in regards to the stock market and oil prices? Why aren't stocks tanking and why isn't oil higher than the spike to $130 just a week ago?