If Russia invades Ukraine, what happens to oil?

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Oil will hit $120 a barrel if Russia invades Ukraine, strategist predicts

Brent crude oil contracts for April delivery were trading slightly lower at around $90.50 per barrel on Wednesday.

But oil prices have seen steady gains since the beginning of the year, when they were trading below $80 a barrel.

On Sunday, White House national security advisor Jake Sullivan warned that an invasion could come “any day now."
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https://www.cnbc.com/2022/02/09/oil-will-hit-120-a-barrel-if-russia-invades-ukraine-david-roche.html
 
Not sure if we're looking at the same charts, but all energy was a screaming buy nearly any random day from March 2020 to February 2021. June 2021 was also a great time to buy. Sentiment was very low because the world thought we'd all be zooming around in electric vehicles by now. Hindsight, I wish I would have held onto my shares in SLB a few months more.

How sentiment has changed. A standoff over a country all of a sudden the world cares about because of gas distribution.

Insiders have been dumping shares in CVX, COP, PSX this week.

In XOM alone, one insider dumped $120M on February 2, another $812K on February 4.
 
Just a quick note: as of about 45 minutes ago, all civilian air traffic inside Ukraine has been turned around and the airspace has been shut down.

I don’t know what that means, but I can guess it isn’t a real positive development.

Image1645670366.879919.jpg


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