Why didn't the Ukrainian crisis affect the price of natural gas futures?
Because Ukraine does not produce natural gas. It is also not a big consumer of natural gas. Just a paragraph. Its impact on natural gas prices is two-way. Although it may have an impact on European imports, it will lead to price increases; But it may also have an impact on Russian exports, leading to a price drop. So in general, it has no impact on the international market. This is different from the Middle East crisis. It is a pure oil-producing country. If the output is less, the price will of course go up.