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[size=36]The biggest drop in 5 weeks..oil prices continue to decline[/size]
Economie| 08:31 - 10/05/2022
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Follow-up - Mawazine News:
Oil prices continued their decline, recording their biggest drop in more than five weeks, after the European Union eased its proposed sanctions on Russian crude exports, and economic growth concerns affected sentiment in all markets.
West Texas Intermediate crude futures fell to about $101 a barrel in Asian trading, after dropping nearly 6% on Monday.
The European Union is set to cancel the proposed ban on EU-owned ships transporting Russian crude after objections from members including Greece, while talks continue on the sixth package of sanctions, according to Bloomberg. Ended 29/N33
Oil prices continued their decline, recording their biggest drop in more than five weeks, after the European Union eased its proposed sanctions on Russian crude exports, and economic growth concerns affected sentiment in all markets.
West Texas Intermediate crude futures fell to about $101 a barrel in Asian trading, after dropping nearly 6% on Monday.
The European Union is set to cancel the proposed ban on EU-owned ships transporting Russian crude after objections from members including Greece, while talks continue on the sixth package of sanctions, according to Bloomberg. Ended 29/N33
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