Last week after the economical sanctions brought by European Union (to russian oil companies mainly) and USA (gas giant Gazprom was included) was the first week when the USDRUB closed over important resistance level of 37.0 (from chart you can see that it tried to break this level last 3 weeks in a row). And there is still a space for growth on W1 graph. The same...
ESV is trading near a 1 yr low. It is a good value at this point. However some risks include increase in supply of oil from Libya, economic slowdown, release of strategic oil reserves by the United States and its Allies to put pressure on Russia because of their Ukrainian actions. Likewise sanctions on Russia can back fire economically with Europe. Increased geo...