Biden’s Russian oil ban won’t stop petrodollars from flowing into dark crude supplies
The move sent WTI crude oil futures (CL=F) surging 4.3% to settle at $123.70 — the highest closing price since 2008. But even as more nations join the U.S. to participate in the blockade of Russia’s largest export, so-called “dark supplies” of Russian oil and gas will still flow to the rest of the world in shadow markets, warns one veteran energy trader.
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