European Markets Tick Higher; BP Shares Fall

Seeking Alpha16:52

Oil prices have reached a five-month high! Is the power of the 'strictest sanctions' against Russian oil really this significant?

① As the USA government implemented the broadest sanctions so far on Russia's Oil & Gas revenues last week, the rise in oil prices seems to be becoming unstoppable... ② Following a nearly 4% surge last Friday, Brent Crude Oil rose again on Monday by about 1.43%, pushing the settlement price of Brent to over $81, with intraday prices reaching a new high of $81.68 in over five months.

cls.cn15:58

WTI Crude Surges Above US$78, Targeting US$80 Resistance

Business Today15:20

USA sanctions against Russia have led to a tightening of transportation capacity, causing a surge in tanker freight rates.

Ship brokers and traders have stated that after the USA expanded sanctions on Russian oil trade, tanker freight rates have skyrocketed.

Zhitong Finance15:03

The USA's reliance on Saudi oil is coming to an end.

The Energy market will no longer be a constraint on the USA's foreign policy in the Middle East.

Golden10 Data14:30

On the eve of Trump's inauguration, Biden 'ignited' oil prices.

The International Energy Agency had previously predicted that in 2024, there would be a surplus of nearly 1 million barrels per day in the Global oil supply, but the sanctions imposed by the Biden administration on Russian oil could nullify this surplus. The Biden administration had previously announced a significant expansion of the sanctions list for tankers transporting Russian oil, bringing the total to 270 vessels.

wallstreetcn09:59