S&P Global Commodity Insights: Have the brakes failed as oil rally continues?


WITH the Russia-Ukraine crisis showing no signs of receding, oil like every other commodity has been in turmoil.

The Platts Dated Brent physical sweet crude benchmark rallied to $137.64/b on March 8, its highest since July 2008 as the market digested the repercussions of the ouster of Russian oil from global trade flows.

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