Latest News

BofA says ‘There is no clear off-ramp’ for Russia and ‘it’s like catching a falling knife,’ issues dire prediction for global economy



Oil prices fall most in 2 years as UAE supports output hike

BENGALURU (Reuters) -Global oil prices fell on Wednesday by the most in nearly two years after OPEC member the United Arab Emirates said it supported pumping more oil into a market roiled by supply disruptions due to sanctions on Russia after it invaded Ukraine. Brent crude futures settled down $16.84, or 13.2%, at $111.14 a barrel, their biggest one-day decline since April 21, 2020. U.S. crude futures ended down $15.44, or 12.5%, at $108.70, their biggest daily decline since November.

Russia Roils Plane-Backed Bonds by Keeping $10 Billion of Jets

Previous article

OPEC Secretary General: There’s ‘no capacity’ to replace Russia’s 7 million barrels of oil per day

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News