The Oil Market Crisis Sparked By Russia’s Invasion Is Nearing Its End

Russia’s invasion of Ukraine back in February triggered a major market crisis. Oil and gas prices soared to multi-decade highs; coal prices grew by nearly 70%, global wheat prices increased by over 60% while prices of metals exported by Russia, such as nickel, palladium, and aluminum all increased significantly.

  Meanwhile, the euro fell below parity with the dollar for the first time in over two decades on fears that the war would trigger a global economic crisis.           Now,…