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Hydrocarbons: Oil boosted by the possibility of a European embargo

29/04/2022
Categories: Raw materials

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Oil prices are rising again. Oil prices continued to rise on Friday as Germany, initially opposed, began to soften its stance on a possible European embargo on Russian oil and gas.

 

To 09:15 GMT (11:15 CET), the barrel of North Sea Brent for delivery in June, which is the last day of trading, was up 1.30% to $108.99. The barrel of US West Texas Intermediate (WTI) for delivery in the same month gained 0.99% to $ 106.40.

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