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Wealth Insight
|April 2022
Major events impacting crude-oil prices over the last 50 years
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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.
This story is from the April 2022 edition of Wealth Insight.
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