News list for " oil prices hit"
On January 16, WTI crude oil futures touched $80 a barrel for the first time since August last year and set a new high since July last year, as new sanctions against Russia by Western countries began to affect crude oil supplies and US inventories tightened. Buyers of Russian oil are increasingly turning to other suppliers, with some countries, including India, saying they will bar sanctioned tankers from entering the country after the United States imposed its toughest sanctions to date. Freigh...
Oil prices extended their rally on Monday, hitting a more than three-month high on expectations that broader US sanctions will affect Russian crude supplies. Russia's oil exports will be severely affected by the new sanctions, forcing major buyers to source more oil from the Middle East, Africa and the Americas, which will push up prices and transport costs, traders and analysts said. "The latest round of sanctions against Rosneft and a large number of tankers will have a significant impact, par...
7x24 Newsflash
Hot News
