Loading…
Tensions are rising between Russia and Ukraine over a possible new military escalation, which could disrupt commodity and energy flows. S&P Global notes that Western sanctions on Russia's energy sector could tighten if fighting escalates in eastern Ukraine.
So far the escalation has not moved commodity markets.
Ukraine transits Russian gas and crude to Europe, so a sanctions or disruption scenario could tighten European energy supply and lift gas and oil prices. Grain buyers should watch for spillover into Black Sea shipping and wheat and corn risk premiums.
spglobal.comStaff reportsApr 13, 2021After 136 past bullish geopolitics events, Natural Gas moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% over 20.
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.
