Oil Prices Rise on New EU Sanctions Against Russia

Oil prices rose on Monday in the global commodities market, supported by fresh EU sanctions on Russia and heightened tensions over Moscow’s alleged incursions into Baltic airspace. The development heightened supply risk amidst positive expectation about demand after U.S Fed rate cut and weak dollar. Brent crude was trading at $66.68 per barrel, up 0.84% … Continue reading Oil Prices Rise on New EU Sanctions Against Russia