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Energy Preview: WTI Crude Supported On Russia Sanction Worries

5 Apr 2022 , 08:37 AM

The WTI Crude Oil futures rose today on worries over more sanctions on Russia from Europe following alleged war crimes by Russian troops in Ukraine added to concerns on supplies. The Iran nuclear talks also remained stalled. The WTI Crude oil futures are currently up 1.50% at $105 per barrel. Media reports stated that the International Energy Agency (IEA) was still working out details for a planned second round of a coordinated oil releases and oil marked a continued recovery from around two week low mark.

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