Oil climbs ahead of EU meeting on Russia sanction - Business News, Finance News, Share Market News - Market trendz

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Monday 30 May 2022

Oil climbs ahead of EU meeting on Russia sanction

The EU is due to meet on Monday and Tuesday to discuss a sixth package of sanctions against Russia for its invasion of Ukraine, which Moscow calls a "special operation" to disarm its neighbour."I don't think it would be a stretch to assume that speculators are positioning for a post-EU summit oil market bounce," said SPI Asset Management managing partner Stephen Innes.

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