🛢️🚨 Russian Oil Crashes Below $40 – Lowest in 5 Years

Breaking Data:

• Urals oil price: Below $40/barrel (first time since 2020)

• December avg: $39.18 – down 41% since January

• Vs. Brent discount: $26–28/barrel in Black & Baltic Seas

🔍 Primary Cause:

New U.S. sanctions targeting Rosneft & Lukoil forced massive price discounts.

📉 Economic Impact:

• Russian oil ~$20 below 2026 budget projections

• Lowest price since Putin’s early presidency

· Government revenue & spending plans under severe pressure

🌍 Market Watch:

Global markets monitoring how Russia responds to collapsing oil income.

#Oil #Russia #Sanctions #Commodities #Geopolitics

Will this trigger broader market volatility? 👇

(Sources: Commodity pricing data & sanctions reports.) 📉