Reuters LONDON: Oil prices were steady on Thursday as the U.S. president met other Western leaders and investors waited to see how sanctions would be tightened on Russia over its invasion of Ukraine. Benchmark Brent was up 0.3% at $121.95 a barrel by 1111 GMT, after falling by close to $2 earlier in the session. U.S West Texas Intermediate (WTI)
World Oil (Bloomberg) — Energy prices surged after Russian President Vladimir Putin signed an order to send what he called “peacekeeping forces” to the two breakaway areas of Ukraine that he officially recognized on Monday. European natural gas led the gains with as much as 13% rise, helped higher by Germany halting the approval process of the controversial Nord Stream 2 pipeline.
Yahoo Finance BERLIN – Germany on Tuesday halted the Nord Stream 2 Baltic Sea gas pipeline project, designed to double the flow of Russian gas direct to Germany, after Russia formally recognised two breakaway regions in eastern Ukraine. Europe’s most divisive energy project, worth $11 billion, was finished in September, but has stood idle pending certification by Germany and the
CNBC Oil traded at a seven-year high of about $90 a barrel on Thursday as the Ukraine crisis supported prices despite signs that the U.S. Federal Reserve will tighten monetary policy. Brent crude futures were up 85 cents, or 0.94%, to trade at $90.80 per barrel. U.S. West Texas Intermediate (WTI) crude futures advanced 79 cents, or 0.9%, to trade at $88.07
