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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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Oil prices cross the barrier of 123 dollars a barrel

rocky
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Oil prices cross the barrier of 123 dollars a barrel Empty Oil prices cross the barrier of 123 dollars a barrel

Post by rocky Fri 03 Jun 2022, 5:35 am

[size=46]Oil prices cross the barrier of 123 dollars a barrel[/size]
Economie
08:58 - 05-31-2022
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Oil prices rose, today, Tuesday, to their highest level in two months, after the European Union decided to ban 90% of Russian oil as part of a meeting related to the sixth package of sanctions against Moscow over the war on Ukraine. 

Brent crude futures rose more than a dollar to $123 a barrel, while US West Texas Intermediate crude futures jumped a dollar to $116.10 a barrel, continuing strong gains made last week. 

The ban on Russian oil will lead to a shortage in the crude oil market, which is already suffering from supply pressures amid increased demand for gasoline, diesel and jet fuel ahead of the peak summer demand season in the United States and Europe.

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