Russia's Victory Day Could Be A Crucial Moment For Oil

While the Kremlin has publicly stated that it won’t be declaring war on Ukraine or announcing a military mobilization on Victory Day on May 9, the markets are jittery heading into the weekend, with speculation that Russian President Vladmir Putin will announce a doomsday scenario that indicates a war not just with Ukraine, but with NATO at large.  Russian Victory Day celebrations are high-level affairs commemorating the Soviet Union’s victory over Nazi Germany in World War II. This year, the celebration is more important than ever…