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Oil and Nat Gas Shrug Off Crimea Worries, Crude Inventories Rise

August 19, 2023
in Trade Tube
Reading Time: 1 min read
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WTI crude oil and natural gas markets show little movement in light of Crimea’s split from Ukraine. Independent energy trader Cindy Wexler tells TheStreet’s Joe Deaux she doesn’t expect natural gas and oil prices to move significantly now because she believes investors think Russia needs the money and Europe needs the resources — a scenario that will keep the pipelines running. Wexler also says investors shouldn’t put too much weight in the weekly crude inventories.

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