Brent $96.48, WTI $95.46, Dubai $92.72
[이투뉴스] The international crude oil futures market rose in response to factors such as the rising possibility of a Russian invasion of Ukraine.
According to the Korea National Oil Corporation, on the 14th, Brent futures from North Sea stood at $96.48 per barrel, up by $2.04 from the previous day. WTI futures rose by $2.36 to $95.46. Dubai oil spot rose 2.47 dollars to 92.72 dollars.
On the same day, oil futures prices increased as the US government moved the US embassy in Kiev to Lviv in western Ukraine and repeatedly recommended that Americans remaining in Ukraine leave immediately, seeing that Russia’s invasion of Ukraine was imminent.
US Secretary of State Tony Blincoln said Russia’s military build-up on the Ukrainian border is accelerating rapidly. Ukraine’s President Volodymyr Zelensky announced on the 14th that he would continue to push for NATO membership in a meeting with German Chancellor Olaf Scholz, who was visiting Kiev on the 14th.
The increase in demand following the economic recovery and the possibility of a supply disruption due to the tight supply and demand of crude oil also contributed to the rise in oil prices. An expert at Rystad Energy said oil prices might rise above $100 due to supply disruptions.
Fatih Birol, secretary-general of the International Energy Agency (IEA), said in an interview with Egyptian state TV that “the gap between OPEC+’s production target and actual production is growing.
Reporter Jin-oh Kim [email protected]
© ::: Global Green Growth Media – E2News Unauthorized reproduction and redistribution prohibited