سیاسة

rss

كوردســتانيات

أمـن

مجتـمع

أخرى

اقتصـاد

عربي ودولي

القسم الفيلي

ريـاضة

منوعـات

فيديو

تقارير وتحليلات

مقـالات

كل الاخبار

Oil see-saws near 14-year highs as U.S. weighs Russia oil embargo

Category: Economy

Date: 2022-03-08T06:07:01+0000
Oil see-saws near 14-year highs as U.S. weighs Russia oil embargo

Shafaq News / Oil prices see-sawed near 14-year highs on Tuesday as the United States considered acting alone to ban Russian oil imports rather than teaming up with allies in Europe, easing concerns of a wider disruption to crude supplies.

Brent crude futures were up $1.06, or 0.9%, at $124.27 a barrel at 0223 GMT, after trading as high as $125.19 then dipping to $121.31.

U.S. West Texas Intermediate (WTI) crude futures were up 36 cents, or 0.3%, at $119.72 a barrel after also trading in a roughly $4 range.

The erratic moves came following a sharp run-up on Monday to near 14-year highs when the Biden Administration said it was talking to Britain, France and Germany about a ban on Russian oil.

"The price move up has been far too aggressive in too short a time. The charts are telling us the oil price needs to do some digesting before it can move substantially higher," said Michael McCarthy, chief strategy officer at Tiger Brokers Australia.

Keeping a lid on price gains, late on Monday officials said the United States was willing to move ahead with a ban alone, and Germany, the biggest buyer of Russian crude, rejected plans for an energy embargo.

(Reuters)

related

Oil rises on prospects of less aggressive U.S. rate hike

Date: 2022-07-15 07:06:22
Oil rises on prospects of less aggressive U.S. rate hike

Oil prices rise with fall in US crude inventories

Date: 2020-09-16 07:53:56
Oil prices rise with fall in US crude inventories

Oil hits 7-yr highs, fueled by Russia's troop buildup near Ukraine

Date: 2022-02-14 19:13:23
Oil hits 7-yr highs, fueled by Russia's troop buildup near Ukraine

Oil prices of OPEC Members

Date: 2021-04-27 07:01:37
Oil prices of OPEC Members

Iraq oil exports inched up by 1.3% in October

Date: 2021-11-02 06:31:45
Iraq oil exports inched up by 1.3% in October

Basra crude closes at +6.06% weekly gains amid soaring global demand

Date: 2022-05-28 06:31:34
Basra crude closes at +6.06% weekly gains amid soaring global demand

Oil prices steady after U.S. call for more oil raises supply concerns

Date: 2021-08-12 06:53:19
Oil prices steady after U.S. call for more oil raises supply concerns

Oil falls as surging U.S. fuel stockpiles raise demand concerns

Date: 2022-01-05 06:39:42
Oil falls as surging U.S. fuel stockpiles raise demand concerns