Oil fluctuates as traders weigh threats to Russian energy flows
Crude oil has been in flux as the US and EU seemed to make moves towards reducing the region’s reliance on Russian fossil fuels. However, ”it is looking unlikely that we see an EU ban” on oil, says head of commodities strategy.
by sharon cho, bloomberg news
Oil swung between gains and losses as the US and European Union looked set to announce plans to reduce the region’s reliance on Russian fossil fuels to raise the consequences for Moscow for its invasion of Ukraine.
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