Oil prices at 7 year high

Jan 20, 2022 | Commodities

20.1.22 Global oil prices climbed to 7-year highs on Wednesday. Reuters notes that "a fire on a pipeline from Iraq to Turkey briefly stopped flows, increasing concerns about an already tight short term supply outlook." Concerns about instability in the United Arab Emirates and Ukraine added to supply concerns, reported CommSec. The Brent crude price […]

 


 

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