Oil Steadies After Three-Day Drop

The video discusses the current state of the oil market, highlighting the price trends and concerns among traders as prices fall below $80. It addresses the significant drop in market liquidity and how traders are reacting by closing positions. The video also explores the potential impact of the European Union's oil price cap on Russian oil and the uncertainty surrounding Russia's response, particularly in terms of supply and energy revenue.

What uncertainties exist regarding Russia's oil supply to the market?

What impact has the loss of gas revenue had on Russia's energy revenue?