Why Oil Fell Despite War?

Kon How
04-23

Why Oil Fell Despite War? $WTI Crude Oil - main 2406(CLmain)$

Which market is a better hedge when a geopolitical conflict started. I know many will say that it must be crude oil.

Over the past 2 major conflicts, we could see that crude oil did not gain any momentum, in fact it came off.

So which markets have reacted positively to all these tensions so far, and will continue to remain this way with future tensions?

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Oil Rebound! Ready for Energy Surge?
The energy stock market has witnessed a significant surge, with the $Energy Select Sector SPDR Fund(XLE)$ surpassing its 2022 highs. The geopolitical conflicts may push oil prices higher. ------------- What's your target price for oil?
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