WILL OIL SLIP AGAIN

Oil has been in the news every where recently after its price sky rocketing while most other markets are taking a hit. Oil has passed the $120 price level which hasn't been at that level since around 2014. But it wouldn't be a shocker if it halts and shoots right back down like it has done after the Global financial crisis, 2015 and when the Covid-19 pandemic began. Oil even ended up slipping all the way down to -$37.63 no more than two years ago and is now almost at its all time high. Most commodities have been rising in price rapidly due to inflation also rising rapidly, but also because of other controversy. Russia is to thank for its recent run, as well as inflation. Russia is notorious for their high supply of natural resources, especially oil. Russia only makes up for 8% of the source of oil for the United States but is much higher for European countries. As of now, the United States has banned Russian oil, natural gas and coal. Most companies are stepping up and burning bridges with Russia to protest their actions.