Martin Wiggen: Timing of Russian Sanctions Interesting

Oil was on track for the biggest weekly gain since June after US sanctions on major Russian producers upended the market. Russian crude flows to key buyer India are expected to plunge following the penalties on Rosneft PJSC and Lukoil PJSC, while some Chinese state-owned refiners canceled purchases. Nadia Martin Wiggen, Director at Svelland Capital spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche. (Source: Bloomberg)