Oil prices are rising again after a ban on Russian imports from the United States and Britain in a new move to put pressure on Russia’s energy sector.
The ban on oil imports from Russia was announced by President Joe Biden himself in a speech on Tuesday, noting that the embargo includes gas and the energy sector in general.
“We remain united in pushing for Putin,” he said.
At the same time, the British government officially announced today that it will end imports of Russian oil and petroleum products by the end of 2022, in order to give enough time to the market and companies to find alternatives.
On the chart, Brent for May delivery added $ 9.53, or 7.7%, to $ 132.74 a barrel, while WTI April rose $ 9.25, or 7.8%, to $ 128.65. barrel, having previously climbed to $ 129.44.
Source: Capital
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