I retreated Brent crude futures contracts 49 cents, or 0.5 percent, to settle at $100.58 a barrel, while US West Texas Intermediate crude fell 20 cents, or 0.6 percent, to settle at $96.03 a barrel. In the previous session, both benchmarks fell more than five percent to their lowest closing levels since March 16.
The European Union’s foreign policy chief, Josep Borrell, said at a NATO meeting that the new measures taken by the Union, including: Russian coal banmay be approved during the meeting of the Alliance and that the bloc will discuss the imposition oil embargo the next time.
In China, the virus outbreak has led to widespread lockdowns in Shanghai, its most populous city.
In the meantime, member states agreed to International Energy Agency Wednesday to withdraw 60 million barrels, in addition to the 180 million that the United States announced last week to help lower fuel prices.
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Prices have also come under pressure from fears that Lockdown in China Due to a new wave of Covid-19, it will slow the recovery of oil demand.
I retreated Brent crude futures contracts 49 cents, or 0.5 percent, to settle at $100.58 a barrel, while US West Texas Intermediate crude fell 20 cents, or 0.6 percent, to settle at $96.03 a barrel. In the previous session, both benchmarks fell more than five percent to their lowest closing levels since March 16.
The European Union’s foreign policy chief, Josep Borrell, said at a NATO meeting that the new measures taken by the Union, including: Russian coal banmay be approved during the meeting of the Alliance and that the bloc will discuss the imposition oil embargo the next time.
In China, the virus outbreak has led to widespread lockdowns in Shanghai, its most populous city.
In the meantime, member states agreed to International Energy Agency Wednesday to withdraw 60 million barrels, in addition to the 180 million that the United States announced last week to help lower fuel prices.