Breaking: US oil leaps to $126.73 and UK oil to $138 on supply fears By FXstreetNews Breaking Oil WTI Commodities
The price of oil has skyrocketed in the open on Monday after the White House said it was discussing an embargo on Russian supplies.Secretary of State Blinken: US is “looking” at banning Russian oil and gas, but need permission from EU
Due also to delays to the conclusion of Iranian nuclear talks as well OPEC+ that stood pat with their original supply agreement, we have a supply shock that is underpinning prices. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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