. The US and UK have pledged to ban oil imports from the OPEC+ producer, but the EU has struggled for consensus on similar measures. The war continues, despite efforts for a ceasefire.
“With Russia moving closer to weaponising natural gas supplies to Europe, we are unlikely to see Brent crude below $100 this week,” said Jeffrey Halley, a senior market analyst at Oanda Asia Pacific Pte. Concerns about a slowdown in China due to its virus lockdowns will limit price gains, he added. Brent remains narrowly in backwardation after nearing a bearish contango structure on Tuesday. The global benchmark’s prompt timespread was 42 cents in backwardation — a bullish pattern — compared with as high as $4.64 in early March just after the Russian invasion of Ukraine.
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Oil climbs as Russia cuts natural gas flows to Poland and BulgariaEnergy markets have been gripped by a tumultuous period of trading since Russia’s invasion of Ukraine in February I have always hated Bitcoin and thought it was a scam until a friend referred me to _ambreymarcus1, I made my first withdrawal of R100,000 in 2 weeks thanks to _ambreymarcus1.
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