Please note the following timeline coincidence;
1 March 2014: Russia's parliament approves President Vladimir Putin's request to use force in Ukraine to protect Russian interests.
16 March 2014: Crimea's secession referendum on joining Russia is backed by 97% of voters, organisers say, but vote condemned by West as a sham.
18 March 2014: President Putin signs a bill to absorb Crimea into the Russian Federation.
28 March 2014: President Obama visits Saudi Arabia.
June 2014 : Oil begins collapse.
27 January 2015: President Obama visits Saudi Arabia.
31 January 2015 : Oil reverses price decline.
11 February 2015: President Obama introduces ISIS War Powers Act.
12 February 2015: Ukraine Cease Fire.
As an Elliott Waver I don't assign causality, and in fact the influence of the above geopolitical events on the Eur/USD probably explains most of the WTI move, but "just sayin".
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