Something similar seems to have happened with oil. When OPEC+ made their move, the shift in oil prices was tiny compared to the months before and after the war started. It seems like commodity people were buying up oil in order to hedge for the possibility of refinery hacking, massive trade decoupling, and a second Cold War more generally (which could last a long time), resulting in much higher oil prices in March than any time afterwards, including OPEC+’s production cut.
Something similar seems to have happened with oil. When OPEC+ made their move, the shift in oil prices was tiny compared to the months before and after the war started. It seems like commodity people were buying up oil in order to hedge for the possibility of refinery hacking, massive trade decoupling, and a second Cold War more generally (which could last a long time), resulting in much higher oil prices in March than any time afterwards, including OPEC+’s production cut.