After hitting their highest level in seven years, oil prices were steady Monday in seesaw trading. This was despite fears that Russia’s invasion of Ukraine could result in sanctions from

After hitting their highest level in seven years, oil prices were steady Monday in seesaw trading. This was despite fears that Russia’s invasion of Ukraine could result in sanctions from
The signs that the U.S. Federal Reserve would tighten monetary policies were outweighed by the Ukraine crisis.
Brent crude oil traded at $85 per barrel on Thursday, nearing two-month highs. This was buoyed in part by the expectation that a strong economic recovery would boost demand. However,
Analysts predict that oil prices will rise further this year after rising 50% in 2021. They believe that a shortage of production capacity and low investment could cause crude to
Due to tight supply and decreasing concerns about potential demand from the Omicron coronavirus variant, oil prices reached two-month highs Wednesday.
Data from Gascade, the German network operator, showed that Friday’s Yamal-Europe pipeline was flowing east from Germany towards Poland for the 18th consecutive day. However, it flowed at slightly lower
On Thursday, oil prices rose sharply due to escalating unrest at OPEC+ oil producer Kazakhstan, and supply outages from Libya.
As vaccinations increased the opening of economies, oil saw its largest annual increase since 2009. Crude production returned to a more moderate pace while oil prices rose.
Oil prices rose to above $78 per barrel Monday. This was due to tight supply and the hopes of a further demand recovery by 2022.
Oil prices dropped by 3% to $80 per barrel Friday due to rising COVID-19 cases across Europe. Investors also considered a possible release of crude oil reserves by major economies
Although oil prices reached a three-year peak above $86 per barrel on Thursday, it was driven by tight supply as well as a global energy crunch. However, prices fell as