Possible Scenario Oil prices could go parabolic if Russian oil becomes 'untouchable': RBC strategist
Helima Croft, global head of commodity strategy at RBC Capital Markets, discusses pressure on global oil and the European Union could potentially ban Russian crude imports by the end of the year. Croft says if major importers move away from Russian oil and second sanctions emerge, there could be millions of Russian oil barrels left stranded. She discusses the global market pressures that are affecting these decisions and what could push Russia or the EU to making drastic trade changes and says Russia's revenue intake has almost doubled in the first two months of the conflict.
https://www.bnnbloomberg.ca/video/oil-prices-could-go-parabolic-if-russian-oil-becomes-untouchable-rbc-strategist~2433180