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Home News Item Price of Oil Jumped after Escalation of the Conflict in Ukraine
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Price of Oil Jumped after Escalation of the Conflict in Ukraine

februari 22, 2022by Reacties uitgeschakeld voor Price of Oil Jumped after Escalation of the Conflict in Ukraine

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Oil prices rose sharply in Asian trade today after Russian President Vladimir Putin signed a decree last night recognizing the independence of the Donetsk and Luhansk People’s Republics that seceded from Ukraine, and later ordered Russian troops to enter their territories to “keep the peace,” CNB reported.

The North Sea Brent, which is the European reference, rose 1.5 percent to $96.82 a barrel, and US light crud

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