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Hydrocarbon: Oil prices between gains and losses

04/04/2022
Categories: Raw materials

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Oil is on hold on Monday, between possible sanctions against Russia and reserves. Oil prices wavered between gains and losses.

Caught between possible new Western sanctions against Russia, after the discovery of a large number of civilian bodies in the kyiv region, and the use of strategic reserves of black gold, the barrel of Brent from the North Sea for delivery in June lost 0.92% to 103.43 dollars. A barrel of US West Texas Intermediate (WTI) for delivery in May yielded 0.64% to 98.63 dollars. Russian imports provide Europe with 40% of its natural gas needs and 30% for oil.

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