InternationalInternational Economics

Oil prices stood at $ 121 a barrel


Brent North Sea crude traded at $ 121.51 a barrel today, down just 9 cents from yesterday.

US oil prices also fell just 12 cents and now sell for $ 114.81 a barrel.

According to the official website of the Organization of Petroleum Exporting Countries, OPEC, a barrel of oil produced by the organization in yesterday’s trading on the global energy market was sold at 116 dollars and 94 cents.

Reuters reported minutes ago that oil prices were relatively stable today as NATO leaders met with US President Joe Biden and the market waited to see how sanctions against Russia would be tightened over the military conflict with Ukraine. Be.

Biden and EU leaders are set to impose new sanctions on Russia soon.

A Commerce Bank expert says the new sanctions are unlikely to have a serious impact on the oil market, as new EU sanctions are unlikely to impose sanctions on Russian oil.

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