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Brent Oil - Oil prices jump as EU proposes a phased Russian crude embargo
... on Wednesday after the EU proposed a phased Russian oil embargo, as the world's largest trading bloc intensifies its sanctions on Moscow in response for its military offensive in Ukraine. Brent, ...
India Wants Russia to Discount Its Oil to Below $70 a Barrel
Global benchmark Brent is currently trading near $108 a barrel. State-owned and private refiners in the world’s third-biggest oil importer have bought more than 40 million barrels of Russian crude ...
EU Bans Russian Oil: Brent Crude Trading Higher after the News
The immediate reaction was rather slow at first, however, Brent crude has gained around 2%, trading around 107/108 dollars a barrel. Due to the nature of the ban - phasing out oil purchases over time ...
What is Brent crude oil?
... Nackstrand/AFP/Getty Concern over the geopolitical ramifications of the invasion has prompted the market price of oil to soar and Brent crude – one of three industry benchmarks – to rise to $107 ...
EU proposes ban on Russian oil imports
News of the proposal, which still needs the approval of all EU member states, boosted crude oil prices. Brent futures, the global benchmark, rose 2.4% to $107 a barrel, while US oil futures were ...