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Shipping analysts expect higher tanker, dry bulk and container rates as the Russia-Ukraine crisis escalates. The U.S., EU, U.K. and Japan announced bank sanctions, and possible future sanctions could target Russian energy exports.
Potential sanctions on Russian energy exports could tighten crude and product supply, raising fuel and freight costs for feed producers and farmers.
freightwaves.comGreg MillerFeb 23, 2022After 626 past bullish geopolitics events, WTI moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
After 656 past bullish geopolitics events, BRENT moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
