Weekly market review: 28/03-01/04

The S&P 500 had a 0.1% gain this week, cooling off from a strong start to the week. The market was driven by the geopolitics. The market started strongly at the start of the week partly because the peace talk between Russia and Ukraine looked promising. The market retraced those gains over the next couple of days, though, as Russia refuted progress in talks with Ukraine. Oil prices fell 12.6%, or $14.29, to $99.54/bbl after the U.S. and other nations said they will release oil from their strategic reserves to help alleviate gas prices. The U.S. plans to release one million barrels per day for the next six months.