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Oil Jumps on Fresh U.S. Sanctions Against Russia
WTI Trims a Part of Strong Gains to Its Highest Level Sine October, Still Well Bid Around $77.00
Midday Crude Oil Analysis: Sanctions on Russian oil and conflicts in the Middle East, has the oil price breaking $80 per barrel just begun?
After the Biden administration announced strengthened sanctions on Russia's Energy exports, Brent Crude Oil Product Futures surged significantly during the early trading session in Asia, with prices exceeding 80 dollars per barrel.
WTI Trades Around $77.00, Reaches Three-month Highs Following US Sanctions on Russian Oil
Bullish Brent Bets at May High Even Before Sanctions on Russia
The USA has implemented the "harshest" sanctions against Russia! Russia claims it will respond, and both oils opened higher with a gap.
This could be the key support for the strengthening of oil prices! Speculators have even already Hold long positions waiting for an increase...