In recent days, the derivatives market has witnessed a sharp increase in crude oil prices, primarily driven by complex fluctuations in Russia's economy.Political instability and economic sanctions from the West have negatively impacted the global oil supply, pushing oil prices to record highs in recent months.
According to analysts, Russia is one of the world's largest oil exporters. The country's economic difficulties have disrupted oil production and exports. Additionally, new sanctions from the European Union (EU) and the United States have reduced Russia's access to modern oil extraction technologies, directly affecting production output.
Brent crude oil prices have now surpassed $90 per barrel, rising more than 10% compared to the previous month. Many investors in the derivatives market have increased trading in crude oil futures contracts to hedge risks and capitalize on profit opportunities from this price surge.
Furthermore, other factors such as the global energy demand recovery after the COVID-19 pandemic and geopolitical tensions in the Middle East have also added pressure on oil prices. The market forecasts that oil prices may continue to rise if instability persists.
Investors and businesses need to closely monitor market developments and global economic policies to make informed decisions, minimize risks, and optimize profits in this volatile environment.
