Oil Extends Gains as EU Works on New Russia Sanctions

The video discusses the recent surge in oil prices due to European Union sanctions on Russia and Saudi Aramco's price hikes. It highlights the volatility in the oil market, with significant price fluctuations and warnings from traders about sustained low prices. The impact of Russian metals on global markets is examined, noting that many traders are locked into long-term contracts. The video also covers decisions made by the London Metal Exchange regarding Russian metals and the role of commodity merchants. Finally, it addresses the rise in coal prices, driven by global tensions and supply disruptions following the Russian invasion of Ukraine.

What challenges are traders facing regarding Russian metals?

What is the current trend in coal prices in the US?