Oil prices grew on Friday, driven by the perspective of A decrease in Russian oil exports due to the increase in tensions between NATO and Moscow and Ukrainian attacks in Russian territory.
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The price of the Brent of the North Sea barrel for delivery in November climbed 1.02%, to 70.13 dollars, its highest level from the end of July. Its American equivalent, The WTI crude for delivery the same month, rose 1.14%up to $ 65.72.
“The situation with Russia does not improve; it is getting worse instead of improving,” John Kilduff declared, Again Capital. After alleged violations of his airspace from Moscow, Mark Rutte, NATO general secretary, said the alliance was ready to “Defend every centimeter of its territory.”
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Oil
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Several leaders from NATO member countries have also suggested to knock down any plane that cross its borders. These statements were considered “Reckless, irresponsible and that lead to dangerous consequences” by the spokesman of Kremlin, Dmitri Peskov. Since Russia is the second largest oil exporter of crudethe market is particularly attentive to this escalation and anticipates tougher measures against the Russian oil sector.
President Trump asked Turkey to suspend his purchases of Russian oil, described the imports of Hungary and Slovakia, EU members, from “Inexcusable” And he argued that China and India, The two main clients of Russian crude, are financing the war in Ukraine.
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AFP
