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[size=36]Oil prices jump to $130[/size]
Economie| 08:40 - 07/03/2022
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Baghdad - Mawazine News
: Oil prices rose more than 10% in trading today, Monday, due to fears of imposing an American and European embargo on Russian oil.
: Oil prices rose more than 10% in trading today, Monday, due to fears of imposing an American and European embargo on Russian oil.
Brent price rose 12.73 dollars to 130.84 dollars, but fell to 129.5 dollars, achieving an increase of 9.56%, while US crude rose 9.92 dollars to 125.60 dollars, but it reduced its gains to 125.17 dollars, an increase of 8.23%.
After Brent crude rose 21% last week, it rose again due to fears that the United States and Europe would impose a ban on Russian oil.
At the opening of the Asian markets today, oil prices achieved a significant increase, as Brent crude jumped by 18% to touch $140 a barrel, while the price of US crude exceeded $130 a barrel, before trimming their gains.
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