Oil exceeds $ 111 a barrel as the Ukrainian crisis continues

Russian Ukrainian With the news of a fire in a power plant nuclear at Ukraine Before the authorities announced that the fire broke out in a building used as a training center and was put out.

Waza Kham Brent To 114.23 dollars a barrel, and by 0920 GMT, it rose 63 cents, or 0.6 percent, to 111.09 dollars a barrel.

West Texas Intermediate crude rose 64 cents, or 0.6 percent, to $108.31 a barrel, following touching $112.84 a barrel.

and recorded prices oil It reached its highest levels in ten years this week and is heading towards achieving the strongest weekly gain since mid-2020, with US crude rising more than 18 percent and Brent crude increasing by 13 percent.

It is expected that more oil supplies will be pumped into the market due to a coordinated withdrawal of oil stocks in developed countries, amounting to 60 million barrels.

Japan said Friday that it plans to withdraw 7.5 million barrels of oil, an amount that constitutes a small share of its demand.

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Markets were turbulent due to signs of an escalation in the conflict Russian Ukrainian With the news of a fire in a power plant nuclear at Ukraine Before the authorities announced that the fire broke out in a building used as a training center and was put out.

Waza Kham Brent To 114.23 dollars a barrel, and by 0920 GMT, it rose 63 cents, or 0.6 percent, to 111.09 dollars a barrel.

West Texas Intermediate crude rose 64 cents, or 0.6 percent, to $108.31 a barrel, following touching $112.84 a barrel.

and recorded prices oil It reached its highest levels in ten years this week and is heading towards achieving the strongest weekly gain since mid-2020, with US crude rising more than 18 percent and Brent crude increasing by 13 percent.

It is expected that more oil supplies will be pumped into the market due to a coordinated withdrawal of oil stocks in developed countries, amounting to 60 million barrels.

Japan said Friday that it plans to withdraw 7.5 million barrels of oil, an amount that constitutes a small share of its demand.

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