Transcripts for CNN CNN Special Report 20220228 03:00:00 : v

CNN CNN Special Report February 28, 2022 03:00:00

would probably go higher. booms tend to follow busts, and you get space-like volatility. what is adding to it is the geopolitical risk. russia exports about 4.5 million barrels a day of crude oil, and if you look at the buffer we have that saudi arabia and opec plus have, it's less than that. if we were to lose russia oil, prices could go higher and it would be too expensive for us to be driving to bring the market into balance. it's a very precarious moment in the global oil market. >> thank you, bob. the next hour starts now.

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