Brent Crude breaches $112 mark; highest in 8 years after Russia sanctions
Shortpedia
Content Team
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Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows confusion and panic among global crude oil traders, shipping firms and importers. The oil industry has been gripped by acute risk aversion in the finance and shipping sectors after several nations sanctioned multiple Russian entities following Russia`s invasion of Ukraine.
