Energy OverView March 4, 2014

Crude oil prices are in retreat, as the Ukraine tensions simmer down. President Putin ended the military excercises on Ukraine’s border, and he denied that the forces in Crimea are Russian regular army, calling them “local forces of self-defense.” The calculus got wild about the possible implications over the whole episode. Interruption of Russian Urals supply and refined products to the global market and a cut-off of natural gas…

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