Rising oil prices with the possibility of more sanctions against Russia

With rising supply concerns due to the possibility of new sanctions against Russia, oil prices rose in trading today, Wednesday, and US reserves rose and quarantine continued. China’s Shanghai also could not stop prices from rising.

Brent crude traded up $ 1.7 at $ 107.71 a barrel, while US crude traded up $ 1.18 at $ 103.14 a barrel.

The United States and its allies are preparing today for a new round of sanctions against Moscow.

Toshitaka تازاوا“Again, concerns about supply shortages have intensified as the United States and Europe have stepped up sanctions against Russia,” said a market analyst.

Proposed EU sanctions, which must be approved by the 27-nation bloc, ban the purchase of coal from Russia and prevent Russian ships from entering EU ports.

Britain also called on the G7 countries and NATO to agree on a timetable for a gradual halt to oil and gas imports from Russia.

Rising supply concerns have eroded the price of early trading hours. The increase in US oil reserves and the strengthening of the dollar were the reasons for the decrease in the price of the early hours; An increase in the value of the dollar lowers the price of oil for owners of other currencies.

The dollar hit a two-year high on Wednesday, according to a Federal Reserve official.

According to institute statistics American Petroleum, oil reserves and oil products America Last week it increased while gasoline inventories decreased.

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