Crude oil futures prices rose on Thursday (17th), WTI crude oil and Brent crude oil both returned to above $100 a barrel, a partial rebound after a 3-day losing streak, due to the intensified Russian-Ukrainian war and expectations of a sharp reduction in Russian crude oil supplies. warming up...
Crude oil prices rose on Friday but ended the week lower as traders assessed potential efforts by countries to fill a void in the global market for Russian oil.
President Biden announced that the United States and its allies will revoke Russia's "most-favored-nation" status in trade.
The oil...
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