Oil gains ground after data show fall in US stocks

Bicycles and motorcycles parked across the water from storage tanks in the Keihin industrial area in Kawasaki, Kanagawa prefecture, Japan on March 17 2022. Picture: BLOOMBERG/SOICHIRO KORIYAMAOil prices rose on Wednesday as a reported drop in US crude inventories increased the concern about tight global supply amid the hit to Russian exports from economic sanctions.

The market remains on edge over the prospect of further sanctions on Russia, the world’s second-largest crude exporter, after its invasion of Ukraine, actions that Moscow calls a “special operation”. Hari added that there may be some relief for the market if the EU drops the idea of a ban on Russian oil imports.

Good

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Business Maverick: Oil Rallies as EU Debates Possible Ban on Russian Crude ImportsOil surged for a fourth day, heading for the best run in a month, on signs the European Union may be edging closer to a ban on Russian crude imports to punish Moscow for its invasion of Ukraine.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Business Maverick: Biden Sees Risk of Russian Cyberattack on U.S. as Sanctions BitePresident Joe Biden warned Monday about new indications of possible Russian cyberattacks, pumping up the volume on weeks of growing concern about a possible Kremlin-ordered response to crushing sanctions over the invasion of Ukraine.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »