Energy news

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Brent Crude - Interesting areas of support

Will corrections be shallow? Oil prices have been rising once again over the last week as the EU has considered banning Russian imports and an outage on a pipeline that runs through the country reduced output by around one million barrels per day. Sanctions imposed by the West have already caused significant disruption to Russian oil exports which could total around three million barrels per day, on top of the one million coming through the country from Kazakhstan. In an already very tight ma

Mar 24, 2022 by Craig Erlam

Oil declines, gold rallies as sanctions hit Russian bullion holders

Oil prices drop Crude prices are declining as energy traders expect that after all the EU leaders, NATO, and G7 meetings, Russian energy will not be sanctioned anytime soon. Mixed European manufacturing data and the snapping of robust factory activity in the US did not do much for changing the opinion of how the crude demand outlook will be in the next few months. The focus for oil remains with the war in Ukraine. Some Russian military advances have ground to a halt, which is complicating Put

Mar 24, 2022 by Edward Moya