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KTFA
Samson » April 5th, 2022
Oil rises as supply uncertainty continues
5th April, 2022
Oil futures rose in early trade on Tuesday, as the prospect of more sanctions in the wake of alleged war c****s by Russian forces in U*****e raised concerns about supply disruptions, while Iran nuclear talks faltered
Brent crude futures rose $1.58, or 1.5 percent, to $109.11 a barrel, while US crude futures rose $1.61, or 1.6 percent, to $104.89 a barrel at 04:28 GMT
Futures settled more than 3% on Monday due to the threat of more sanctions against Russia, and after a pause in Vienna over talks to revive the Iran nuclear deal, which could put more Iranian barrels on the market, Iran a*****d the United States of halting the talks
German Chancellor Olaf Schulz said the Western allies would agree to more sanctions against Moscow in the coming days
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French President Emmanuel Macron also suggested sanctions on oil and coal, adding that there was “very clear evidence pointing to war c****s” by Russian forces
Crude oil fell about 13% last week after President J*******n announced a record release of US oil reserves LINK
Source: Dinar Recaps
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