Why crude oil prices are back to pre-Russia-Ukraine war levels - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Saturday, 16 July 2022

Why crude oil prices are back to pre-Russia-Ukraine war levels

While Europe shunned Russian oil, the supply chain re-routed towards Asia and earlier frictions largely eased. Russian oil still finds its buyers and the earlier feared supply shortfall has not materialised. China’s muted economic activity translates into somewhat lower oil imports as confirmed by data this week, suggesting that China’s energy supplies overall, from oil, and natural gas to coal, are ample.

from Commodities-Markets-Economic Times
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