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April 2022

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Wealth Insight

Major events impacting crude-oil prices over the last 50 years

CRUDE FAQs

Why has crude turned volatile?

Due to Russia's invasion of Ukraine. This resulted in sanctions being imposed on Russia (second-largest exporter in the world) by the US and Europe, eventually leading to a supply squeeze. This is not the first time that crude oil has turned volatile due to geopolitics. Whenever political uncertainty increases, crude prices go on a roller-coaster ride.

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