@the_news_21
Amid intensified Russia-Ukraine war that entered the twenty-second day on Thursday, oil prices spiked back above USD 100 affecting energy supplies.
The concerns are growing over the potential length of war affecting energy supplies as the war in Ukraine is disrupting Russia’s energy supplies, reported CNN.
After sinking below $94 a barrel earlier this week, US crude soared 8 per cent to $102.65 a barrel in recent trading. Brent crude spiked 9 per cent to $107 a barrel.
The swift rebound in oil prices will be watched closely by leaders in Washington and Wall Street because high energy prices threaten to exacerbate inflation and slow down the economy, reported CNN.
Energy traders blamed Thursday’s spike on growing pessimism about a resolution between Russia and Ukraine being reached in the near term.
“The mood has darkened a little bit,” said Robert Yawger, vice president of energy futures at Mizuho Securities. “It sounds like this is going to be a dragged-out situation.” The recent drop in oil prices was driven in part by hopes for a potential ceasefire. The longer the war goes on, the bigger the threat to Russia’s oil flows, reported CNN.
“Given Putin’s actions in recent times, we shouldn’t get our hopes up,” said Matt Smith, lead oil analyst of the Americas at Kpler.
The International Energy Agency warned Wednesday that a staggering 30 per cent of Russia’s oil production could be knocked offline within weeks, exposing the world economy to a potential supply crisis.
“The implications of a potential loss of Russian oil exports to global markets cannot be understated,” the IEA said in its monthly report.
Despite Thursday’s rebound, oil prices remain well below their recent peaks. US crude spiked to a nearly 14-year high of USD 130.50 a barrel on March 6, while Brent hit nearly USD 140 a barrel, reported CNN.
Gasoline prices are only inching lower, drawing criticism of the energy industry from the White House. The national average for regular gas dipped to USD 4.29 a gallon on Thursday, according to AAA. That’s down by two pennies from Wednesday and four pennies from the record high of USD 4.33.
how to get cheap clomid clomiphene chart how can i get clomiphene can i buy generic clomid price where to get clomiphene without prescription how to buy clomiphene without prescription can i order clomid without insurance
This is the kind of writing I truly appreciate.
buy zithromax online cheap – ciplox 500 mg over the counter metronidazole online buy
buy cheap generic motilium – purchase cyclobenzaprine generic cyclobenzaprine for sale online
order augmentin for sale – atbioinfo.com acillin where to buy
nexium 40mg without prescription – nexiumtous esomeprazole 20mg capsules
buy mobic 7.5mg – mobo sin order meloxicam without prescription
brand prednisone 20mg – corticosteroid order prednisone 5mg pill
cheap ed pills – https://fastedtotake.com/ cheapest ed pills online
order amoxil pill – cheap generic amoxicillin amoxil pill
fluconazole where to buy – diflucan 200mg pills diflucan 200mg us
buy cenforce no prescription – https://cenforcers.com/# order cenforce pill
cheap cialis pills – ciltad gn tadalafil medication
buy zantac 150mg generic – https://aranitidine.com/ ranitidine 300mg ca
cialis tadalafil 5mg once a day – https://strongtadafl.com/# tadalafil how long to take effect
The thoroughness in this break down is noteworthy. click
viagra – https://strongvpls.com/ buy viagra online legit
This website positively has all of the low-down and facts I needed to this subject and didn’t positive who to ask. https://buyfastonl.com/
The depth in this serving is exceptional. https://ursxdol.com/cenforce-100-200-mg-ed/
Thanks towards putting this up. It’s well done. https://prohnrg.com/product/acyclovir-pills/
This is the make of advise I unearth helpful. cialis super active livraison rapide belgique
This is the amicable of glad I enjoy reading. https://ondactone.com/spironolactone/
More peace pieces like this would make the web better.
order flomax sale
Thanks towards putting this up. It’s well done. http://www.dbgjjs.com/home.php?mod=space&uid=531848
buy forxiga 10mg online – https://janozin.com/# forxiga cost
buy generic xenical online – on this site buy xenical generic
With thanks. Loads of erudition! http://zqykj.com/bbs/home.php?mod=space&uid=303415
You can shelter yourself and your dearest nearby being alert when buying panacea online. Some druggist’s websites operate legally and provide convenience, solitariness, bring in savings and safeguards as a replacement for purchasing medicines. buy in TerbinaPharmacy https://terbinafines.com/product/doxycycline.html doxycycline
With thanks. Loads of knowledge! TerbinaPharmacy
Khám phá thế giới giải trí trực tuyến đỉnh cao tại MM88, nơi mang đến những trải nghiệm cá cược thể thao và casino sống động.
Tham gia cộng đồng game thủ tại Go88 để trải nghiệm các trò chơi bài, poker phổ biến nhất hiện nay.
Khám phá thế giới giải trí trực tuyến đỉnh cao tại MM88, nơi mang đến những trải nghiệm cá cược thể thao và casino sống động.