By Adedapo Adesanya Oil prices moderated in choppy trade on Monday as Russia relaxed its fuel ban amid a widening demand worry. Brent crude futures lost 2 cents during the session to trade at $93.29 per barrel, and the US West Texas Intermediate (WTI) crude depreciated by 35 cents to close at $89.68 per barrel.… Continue reading Oil Prices Drop as Russia Modifies Fuel Export Ban
Tag: Russian ban
Brent Climbs to $121 Per Barrel as EU Meets on Russian Ban
By Adedapo Adesanya Brent crude hit $121.70 per barrel on Monday after rising by $2.24 or 1.88 per cent as traders turned their attention to whether the European Union (EU) will finally reach an agreement on banning Russian oil. Also, the US West Texas Intermediate (WTI) crude rose $2.10 or 1.82 per cent to $117.20… Continue reading Brent Climbs to $121 Per Barrel as EU Meets on Russian Ban