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Illya Gerasymchuk
Financial & Software Engineer

Crude Oil Prices Continue To Increase

User Illya Gerasymchuk -

2026-03-02 14:48

Crude Oil Prices Continue To Increase

Over the past year, I've reiterated multiple times on the fact that that oil prices will continue to increase and that they'll soon be back up above their June 2025 prices. This happened again today, with Brent Crude Oil being up more than 10% on the day.

About 8 months ago I wrote a thread explaining and predicting an increase in oil and gold prices in the near future. Since then:

➖ Brent Crude Oil went up ≈17%
➖ Gold went up ≈65%
For reference, in the same time period, S&P 500 went up ≈18%.

Worldwide oil trade was (and still is!) subject to great geopolitical risk, part of which is materializing now. In addition to that, monetary debasement continues its course and military conflicts have a tendency to exuberate it, via increased demand, sovereign debt and spending.

Despite that, many continue to believe that violating the International law by invading a sovereign nation and kidnapping their leader implies lower oil prices, just because that sovereign nation is in procession of that natural resource. Of course, the reality is much more complex due to factors such as the required level skill/proficiency, infrastructure, internal risk and the implications of current geopolitical events on the international trade.

To conclude, remember: commodities are at the base of global real economy, and there will be a demand for them almost "no matter what". Of course, not all commodities come with the same risk profile -- I will refer you to my past posts on this topic, which you can read under the "commodities" articles category on my website.

Crude Oil Prices Continue To Increase