Oil Jumps as Traders Fear Disruption in Russia's Energy Industry

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Oil prices jumped in overnight trading Sunday amid worries that a new round of sanctions against Russia will upend the country’s energy industry.

"The various banking sanctions make it highly difficult for Russian petroleum sales to occur now," said John Kilduff, partner at Again Capital."Most banks will not provide basic financing, due to the risk of running afoul of sanctions."

"[W]e do think a number of Western firms may decide that it is not worth the risk of continuing to do business with Russia given the uncertainty about enforcement and the trajectory of future coercive action," RBC said Sunday in a note to clients. The group, as well as worldwide producers including the U.S., have kept oil supply in check as demand rebounded. Oil prices have been steadily climbing higher, with Russia's invasion the catalyst that pushed crude above $100.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 288. in SE

Sverige Senaste nytt, Sverige Rubriker