Worry Against Supplies Stung again, This is the reaction of oil prices!

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 Indecision over more barriers imposed on Russia continued to support crude trades to register gains in the European session.


Trading before Brent crude was trading up at around $108 a barrel, while US WTI trades were also down at $104 a barrel.


Oil prices have slumped about 13% in the last week after President Joe Biden announced the release of oil from his worries and the International Energy Agency (IEA) also agreed to release their deposits.



However, prices rose again following reports over the weekend of a massacre of ordinary people in northern Ukraine prompting the United States and European countries to pledge to punish Moscow by implementing more barriers against it.


French President Emmanuel Macron has also reserved barriers to Russian oil and coal despite opposition from other European Union (EU) countries.


This at the same time increases the market's uncertainty about world supplies which continue to be under pressure due to tensions between Ukraine and Russia.


In addition, prices have also increased following the still pending nuclear deal negotiations, in which Iran blamed the United States for stopping the negotiations.

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