Oil falling in price after growth
23 February 2022
Global oil prices fell on February 23 after reaching a maximum since 2014 the day before, Report informs referring to the auction data.
The price of April futures for Brent crude fell by 0.25% to $96.59 per barrel, and May futures by 0.44% to $93.43 per barrel. April futures for WTI fell in price by 0.5% to $91.44 per barrel.
The oil market sees a decline in prices on February 23 afternoon after the trading day earlier, prices jumped to a maximum since September 2014, and the price of the nearest futures for Brent oil crossed the mark of $99 per barrel.
This was promoted by the aggravation of the situation around Ukraine after the decision of Russian President Vladimir Putin to recognize the sovereignty of the Donetsk and Luhansk 'people's republics.'
After that, a number of foreign states, in particular, the EU countries, the US, the UK, announced their intention to introduce new sanctions.
https://report.az/en/energy/oil-falling-in-price-after-growth/
The price of April futures for Brent crude fell by 0.25% to $96.59 per barrel, and May futures by 0.44% to $93.43 per barrel. April futures for WTI fell in price by 0.5% to $91.44 per barrel.
The oil market sees a decline in prices on February 23 afternoon after the trading day earlier, prices jumped to a maximum since September 2014, and the price of the nearest futures for Brent oil crossed the mark of $99 per barrel.
This was promoted by the aggravation of the situation around Ukraine after the decision of Russian President Vladimir Putin to recognize the sovereignty of the Donetsk and Luhansk 'people's republics.'
After that, a number of foreign states, in particular, the EU countries, the US, the UK, announced their intention to introduce new sanctions.
https://report.az/en/energy/oil-falling-in-price-after-growth/
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