Ukraine's Rich Commodity Exports Compromised

"We now have a geopolitical risk factor priced into crude oil. It does not want to go above the $82 to $83 range because of economic risks with recessionary fears. Things changes dramatically last week with Ukraine as the area is rich with commodities. China recently changed its involvement to maintain a hands-off position by kind of supporting Russia without direct involvement. President Biden visited Ukraine and stated that the United States has a bested interest that it does not lose the war," says Arlan Suderman.