Oil returns to decline, and Russia promises to fulfill supply contracts

ومنذ Russian military operations in Ukraine On February 24, the oil markets were the most volatile in two years, with Raw brent The world record fell, its biggest drop since April 2020, on Wednesday, just two days after hitting a 14-year high of more than $139 a barrel.

fell back Brent crude futures contracts $1.81, or 1.63 percent, to settle at $109.33.

US crude futures also fell $2.68, or 2.47%, to settle at $106.02.

President Vladimir Putin said in a speech to a government meeting that Russia will continue to fulfill its contractual obligations regarding Power supply. Russia is a major energy producer that supplies Europe with a third of gas and seven percent of the world’s oil.

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ومنذ Russian military operations in Ukraine On February 24, the oil markets were the most volatile in two years, with Raw brent The world record fell, its biggest drop since April 2020, on Wednesday, just two days after hitting a 14-year high of more than $139 a barrel.

fell back Brent crude futures contracts $1.81, or 1.63 percent, to settle at $109.33.

US crude futures also fell $2.68, or 2.47%, to settle at $106.02.

President Vladimir Putin said in a speech to a government meeting that Russia will continue to fulfill its contractual obligations regarding Power supply. Russia is a major energy producer that supplies Europe with a third of gas and seven percent of the world’s oil.

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