Oil up as Russia gas flow to Europe falls, EU Russian oil ban looms

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Sky
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Oil up as Russia gas flow to Europe falls, EU Russian oil ban looms

Post by Sky »

https://www.cnbc.com/2022/05/11/oil-mar ... ussia.html

Oil prices jumped on Wednesday after plunging nearly 10% in the previous two sessions, buoyed by supply concerns as flows of Russian gas to Europe fell and the European Union worked on gaining support for a Russian oil embargo.

Russian gas flows to Europe via Ukraine fell by a quarter after Kyiv halted use of a major transit route blaming interference by occupying Russian forces. It was the first time exports via Ukraine have been disrupted since the invasion.

Brent crude rose $5.63, a 5.5% increase, to $108.09 a barrel by 1:13 p.m. EDT. U.S. West Texas Intermediate crude climbed $6.47 to $106.23.
xkhan
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Re: Oil up as Russia gas flow to Europe falls, EU Russian oil ban looms

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xkhan
Posts: 5094
Joined: Sun Sep 29, 2024 7:06 am

Re: Oil up as Russia gas flow to Europe falls, EU Russian oil ban looms

Post by xkhan »

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