Survey on Surge in Oil Prices, a Consequence of the Russia-Ukraine Crisis

During the course of the past few weeks, prices of crude oil saw an increase in multiple economies globally. The surge was brought on due to the persistent Russia-Ukraine war crisis, which affected prices of gold and other commodities. Despite constant protests, pleas, and threats given to Russia citing the above consequences, prospects for war still stand without change.

In detail, world leaders like President Joe Biden, Boris Johnson, Justin Trudeau, Emmanuel Macron, and others condemned and advised against Russia’s ‘egregious’ invasion. Specifically, such concerns come from solidarity with Ukraine and concerns for the global economy. Rising inflation rates and cost of living in various economies, make it difficult for people to make ends meet.

More so, the world is only just recovering from the setback of the COVID-19 pandemic. Global economies have been fighting hard to stabilize living standards in their countries for two years. In late February, just when prospects for a resolution were improving, the Russian-Ukrainian war broke out.

Russia invading Ukraine caused the West to boycott Russian oil and gas, bringing imports to a halt. Why this would be worrying is it would affect consumers at large directly and indirectly. Directly, from being direct consumers of fuel and gas, and indirectly as in halts in other essential commodities in the economy.

Thus, Real Research launched a survey on oil price surge amid Russia-Ukraine war. So, hurry and share your opinion via the Real Research App from March 17, 2022. After that, you will receive 10 TNC as a reward.