Mar 14, 2022 06:31 AM

Cover Story: Why the Wild Ride for Oil and Gas Prices Isn’t Over

In a wildly volatile week, crude oil prices ended down last week after setting 13-year highs. But as the Russia-Ukraine war continues and ceasefire talks fail to make progress, the outlook is only for more volatility for energy and other commodities, industry experts said.

Crude oil futures in New York declined 5.5% last week and benchmark Brent crude prices fell 4.6%. The roller coaster reflected the imposition of Western sanctions on Russia after it invaded Ukraine Feb. 24 and the dilemma facing many European nations over how to replace supplies of oil and natural gas from Russia.

You've accessed an article available only to subscribers
Share this article
Open WeChat and scan the QR code
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
Caixin China Biz Roundup: Jack Ma Resurfaces on the Mainland