OPEC stepping in? 🛢
🛢 Weaponizing oil. US adds new #UkraineCrisis sanction banning Russian oil sending crude oil prices surging. However, OPEC member UAE signaled willingness to increase supply (potentially offsetting Russia ban impact). Crude oil prices fell -12% from highs on Wed while markets cheered surging -3%. 💸 Accelerating inflation. Feb 12-month CPI grew 7.9% as #InflationFears showing no signs of moderating near-term. Feb Read More