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home / news releases / COM - Ukraine War Update: Russia airstrikes oil falls

COM - Ukraine War Update: Russia airstrikes oil falls

Direxion Auspice Broad Commodity Strategy
Talks between Russia and Ukraine continue, but on the ground Russia continues to shell Kyiv. An airstrike on a base in Yavoriv, less than 10 miles from the Polish border, killed at least 35 people. The Kremlin said today its "Ukraine operation" will be completed "on schedule," according to Bloomberg, although it's unclear what the schedule is. Oil prices (CL1:COM) are falling, with WTI down more than 7%, below $102 per barrel. Prices came under pressure after some hope of diplomatic progress over the weekend. McDonald's (NYSE:MCD) was recommended at Oppenheimer, which says the Ukraine-Russia risk is priced in. ArcelorMittal (NYSE:MT) says $4.1B in sales in Ukraine are at stake. Dear Readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion.

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Ukraine War Update: Russia airstrikes, oil falls
Stock Information
Company Name: Direxion Auspice Broad Commodity Strategy
Stock Symbol: COM
Market: NYSE
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