Oil reached $ 110 again

Brent crude rose 3.92 percent to $ 109.8 a barrel in global energy trading today, according to Bloomberg. US crude rose $ 3.82 to $ 106.32 a barrel.

According to the official website of the Organization of Petroleum Exporting Countries, OPEC, a barrel of oil produced by the organization was traded at $ 109.8 yesterday.

According to Reuters, the news of the European Union’s decision to impose sanctions on Russian oil has been the main reason for the increase in the price of this energy carrier in the world market.

Oil prices have plummeted in recent days amid concerns over declining oil demand in the Chinese market due to the resurgence of the corona and the imposition of quarantines. The world neutralized the Chinese factor and pushed up prices.

EU Commissioner Ursula Fonderline today raised the issue of a step-by-step embargo on Russian oil over a military conflict with Ukraine and sanctions on several Russian banks.

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