Global crude oil prices have spiraled out of control

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Crude oil prices have spiraled out of control in the global market, with Brent crude rising ڈالر 9 a barrel and trading at 7 107 a barrel. According to the details, the war between Russia and Ukraine has added to the turmoil in the global crude oil market. According to the report of the international news agency Reuters, the efforts of the United States and Japan to stabilize the prices by increasing the supply of oil have failed.

According to the latest reports, US crude oil and Brent prices have risen sharply during the trading session. Brent crude rose ڈالر 9 to 7 107 a barrel. US crude oil prices rose sharply by 10 10, pushing the price to 10 105 a barrel.

Oil prices stabilized after reports of the start of talks between Russia and Ukraine earlier this week, but war-related uncertainty pushed the global oil market into crisis again. Is.

Experts say US sanctions on Russia have also left investors in the global oil market in a state of uncertainty. The United States has not imposed sanctions on Russia's oil products, but investors are refraining from buying Russian oil products. Buyers are forced to refrain from buying Russian oil because of concerns about payments to Russia. Russia is the world's second-largest oil producer, selling crude oil primarily to European refineries. Russia is also Europe's largest supplier of natural gas, accounting for about 35% of its supply.

Location: Pakistan

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