Stocks going down today, how long is it smart to stay on the sideways? hike rates, movements, EU actions and the barrel price.

Few interesting news about the Ukraine conflict:

Russia Central Bank Hikes Rates to 20% (more than doubles it)

https://www.cnbc.com/2022/02/28/russia-ukraine-latest-updates.html?__source=androidappshare

“Dow futures dropped 400 points, or nearly 1.2%. S&P 500 futures fell 1.37% and Nasdaq 100 futures lost 1.28%. Dow futures were off more than 500 points earlier.”

https://www.cnbc.com/2022/02/27/stock-market-futures-open-to-close-news.html?__source=androidappshare

“EU says it will fund arms deliveries to Ukraine and hit Russia with new sanctions” (wich means a further durantion and intensity of the conflict depending on negotiations)

https://www.cnbc.com/2022/02/27/eu-says-it-will-fund-arms-deliveries-to-ukraine-and-hit-russia-with-new-sanctions.html?__source=androidappshare

They closed the Moscow Stock Exchange for the day because of the “developing situation”

https://www.nytimes.com/2022/02/27/world/europe/ruble-russia-stock-market.html

And the barrel price is around 100$ higher than ever since 2014, stocks are going up due to investor assessing the conflict and the rising of prices and Goldman Sachs predicts a price of 115$ for the barrel.

What are the best oil companies/indexes to invest in?

Also when do you predict to be a good time to stop being on the sideways? When the conflict gets resolved or when prices are really low already?