“…The war will start and end on the stock exchanges,” wrote “Nashi Hroshi” on March 10, commenting on the most likely development of the conflict of interests between Russia and the United States that erupted on the Crimean soil.
And thanks to reports from the oil stock exchanges as of March 13, and unfolded in this context events, we have the audacity to assert: Russia has already lost.
It became known on March 13 that the United States dumped oil from its strategic reserves into the market for the first time since 1990. An entire 5 million barrels went for sale, which is only 1% of U.S. stocks. But the effect has surpassed all expectations – crude oil futures fell 2% – up to $98 in New York.
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