The Russian government has called for the withdrawal of only part of the Russian forces concentrated on the Ukrainian border. This is expected to ease tensions on the border. Speculations have been raised as to whether this will result in a change in crude oil prices.
Crude oil prices have risen 22% since the beginning of this year. Not only this, the price of aluminum has risen to a level not seen in 13.5 years. Russia accounts for 10 percent of the international aluminum market.
In addition, the price of natural gas continues to rise. In addition, inflation is high. Inflation in the United States is at an all-time high of 40 years.