Diamond Member Pelican Press 0 Posted December 16, 2024 Diamond Member Share Posted December 16, 2024 This is the hidden content, please Sign In or Sign Up Oil Holds Weekly Advance as US Signals Tighter Russia Sanctions (Bloomberg) — Oil steadied after a weekly gain as the US signaled tighter sanctions on Russian crude and ******** authorities vowed to shore up the nation’s economy. Most Read from Bloomberg Brent crude traded above $74 a barrel after rising almost 5% last week, while West Texas intermediate was near $71. The US and its allies could consider lowering the $60 per barrel price cap on Russian oil to further limit its access to funds for the war in Ukraine, Treasury Secretary Janet Yellen said in an interview with Reuters. Crude has been caught in a tight range since the middle of October, as geopolitical concerns are allayed by expectations of a glut next year and a dour This is the hidden content, please Sign In or Sign Up from China. The Asian nation’s regulators over the weekend vowed further action to boost the economy of the biggest oil importer, adding to recent tailwinds that include the threat of “maximum pressure” on Iran from President-elect Trump’s pick for national security adviser. To get Bloomberg’s Energy Daily newsletter into your inbox, click here. Most Read from Bloomberg Businessweek ©2024 Bloomberg L.P. This is the hidden content, please Sign In or Sign Up #Oil #Holds #Weekly #Advance #Signals #Tighter #Russia #Sanctions This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/184106-oil-holds-weekly-advance-as-us-signals-tighter-russia-sanctions/ Share on other sites More sharing options...
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