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Why did crude oil tank despite rising Ukraine tensions? [Video]

Ipek Ozkardeskaya Swissquote Bank Ltd

Tensions between Ukraine and Russia escalated yesterday, sending gold to $1900 per ounce, but investors are calmer this morning, as planned talks between the US and Russia gives a certain relief before the weekly closing bell.

But the risk-taking will likely remain limited, offering a limited recovery potential to equities & cryptocurrencies.

Oil on the other hand tanked despite the rising Ukraine tensions, rupturing a well-justified positive trend between geopolitical risks and energy prices. In the FX, the safe-haven yen gained, the EURUSD remained steady as the macro pricing was put on hold.

In individual stocks, Tesla tanked 5% after it sank to the bottom of the latest Consumer Report’s ranking. Ouch.

Author

Ipek Ozkardeskaya

Swissquote Bank Ltd

Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.

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Why did crude oil tank despite rising Ukraine tensions? [Video]

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