US EditionGlobal Oil Prices Set for Steep Decline
4 Articles
4 Articles
Global oil prices have begun to rise slightly amid easing concerns about a potential supply glut following the imposition of sanctions against major Russian oil companies, RBC-Ukraine reports, citing Reuters. After closing the previous session at a two-week low, Brent crude futures rose 65 cents, or 1%, to $64.17 per barrel, while U.S. West Texas Intermediate crude futures rose 7% to $60.33. Analysts note that the latest sanctions against major …
Oil prices rise after falling to two-week lowsOil prices rose on Thursday after falling to two-week lows, with Brent and WTI futures up 0.27% and 0.3% respectively. Sanctions easing and OPEC+ production plan have weighed on the market, but concerns about demand remain.
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