Crude prices strengthened in today’s session, as investors entered the most crucial – perhaps – week of the West’s confrontation with Russia, which has gathered thousands of troops on the border with Ukraine.
Also, the US stock market fell on Friday and oil prices closed at the highest level since 2014, as the White House national security adviser warned that Russia could attack Ukraine “at any time.”
West Intermediate’s delivery contracts are up 1.3% since closing on Friday at $ 94.36 a barrel.
Brent rose 1.1% to $ 95.49 a barrel.
The telephone conversation between President Biden and Russian President Putin on Saturday did not yield results, while today German Chancellor Olaf Solz is expected in Kiev and on Tuesday in Moscow, to talk with the presidents of the two countries.
Source: Capital
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
