The war in Ukraine casts doubt on the supply and price of energy.
New York, March 18, 2022 ((rezonodwes.com)) – Oil prices ended higher on Friday and consolidated above $100 a barrel, in a market still concerned regarding supply tensions, especially exports which remain below their pre-war level in Ukraine.
The barrel of Brent from the North Sea for delivery in May closed up 1.20%, at 107,93 dollars.
In New York, the barrel of West Texas Intermediate (WTI) with maturity in April, advanced by 1.67%, to end at 104,70 dollars.
The rise comes following the price of black gold soared more than 8% yesterday following early reports of stalled talks between Russia and Ukraine, raising investors fears of a protracted dispute. which might affect oil supplies. On Friday, the Russian president confirmed the disagreements between the delegations of the two countries.
