Financial Industry Fear Replaces Russia Supply Concerns, Drops NYMEX
On February 24, 2022 Russia invaded Ukraine thrusting oil markets into one of the most volatile periods in decades, reaching prices never seen before. At just over a year later, the APR contract is just $.01 off of where we were when this all started. (see close on 2.24.23 below and chart) . The circumstances around the recent drop are obviously derived from the recent banking meltdown.