
Prices for oil on Monday were up more than five percent on compared with the morning of Friday. This is related to the introduction of new sanctions by the U.S., which aims to limit the supply of
oil from Russia to China and India. Photo: Stefan Sauer
Prices for oil on Monday increased by more than five percent compared with this Morning Friday. This is related to the introduction of new US sanctions which are aimed
to limit the supply of oil from Russia to China and India.
Because of the increase in prices for oil, the increase in prices for fuel at gas stations cannot be avoided. For example, the price of diesel fuel on the European wholesale market has already increased by almost 10 percent compared with the last Wednesday.
The price of oil Brent today reached the highest level in the last four months – $81.5 dollars per barrel, Since new US sanctions are likely to affect Russianoil exportstoChinaandIndia,whicharethebiggestbuyers.