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Hart Energy Commodities Report March 4

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Kristie Sotolongo
March 5, 2014

Crude Retreats as Russia-Ukraine Fears EaseNYMEX-traded crude oil futures fell nearly 2% on Tuesday on comments from President Vladimir Putin that eased concerns Russia would escalate its military intervention in Ukraine’s Crimea peninsula. Putin told reporters Russia reserved the “right” to intervene in the Ukraine crisis, but would only use force as a “last resort.” Putin’s statements raised investors’ hopes for a peaceful resolution with Ukraine. The crisis caused a sell-off in global equities on March 3 as traders worried the oil supply from Russia – the world’s second largest ...

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