Oil prices amid geopolitical tensions
Concerns about disruptions in oil supplies as a result of military actions in Europe have led to a sharp rise in oil futures prices. Brent oil futures have risen more than 20% and reached above $110 per barrel.
This situation has also affected Asian stock markets - the Japanese Nikkei index fell more than 6%, and the South Korean Kospi - about 8%. Investors fear that the escalation of the military conflict could lead to serious disruptions in energy supplies and, as a result, to further price increases.
At the same time, Bitcoin, which is often considered a safe-haven asset during periods of market volatility, is showing relative stability, trading around the $67,000 mark.
Expert opinion
The sharp rise in oil prices reflects the high uncertainty in the energy market amid the military actions in Europe. Investors are afraid of further deterioration of the geopolitical situation and supply disruptions, which could lead to even higher oil prices. In these conditions, investors are likely to be more active in seeking safe-haven assets, such as Bitcoin, which now appears relatively stable.