RE: Putin Effect2 Mar 2022 07:47
This is why I feel it's just too risky to buy in right now. Might seem a bargain to some but there's a reason the price is down here, whether it drops lower remains to be seen
March 1 (Reuters) - "Russian oil trade was in disarray on Tuesday as producers postponed sales, importers rejected Russian ships and buyers worldwide searched elsewhere for needed crude after a raft of sanctions imposed on Moscow over the war in Ukraine."......
......."Russia's key Urals oil grade was bid at a discount of more than $18 below physical Brent crude, the primary worldwide benchmark, a record in the post-Soviet era. Even at that price, traders have been unable to find willing buyers.
"Nobody wants to buy, ship or store Russian oil," a trader of Russian oil said."