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Bloomberg Oil up 3rd day after volatile week
After another tumultuous week of trading, Bloomberg Oil advanced for a third day after investors weigh the prospect of a European Union ban on Russian crude imports and uncertainty over China's virus resurgence. After another tumultuous week of trading, Bloomberg Oil advanced for a third day after investors weigh the prospect of a European Union ban on Russian crude imports and uncertainty over China's virus resurgence. None More than $200 billion was wiped off the Cryptocurrency Market in a...
Updated: 05/13/2022
Asian markets brace for choppy opening amid tight inflation
The Asian stock market is poised for a cautious opening Friday amid dollar strength and choppy conditions in global markets driven by tighter monetary policy to tackle elevated inflation. The Asian stock market is poised for a cautious opening Friday amid dollar strength and choppy conditions in global markets driven by tighter monetary policy to tackle elevated inflation. In a single day, none more than $200 billion Wiped off the Cryptocurrency market was wiped off in a single day. The futures...
Updated: 05/12/2022
EU says it's a matter of days for Russia sanctions deal
European Affairs Minister Clement Beaune says it's a matter of days, while Hungary defends its opposition to the embargo. European Affairs Minister Clement Beaune says it's a matter of days, while Hungary defends its opposition to the embargo. A European Union ratification of a Russian oil ban will occur in a matter of days, French European Affairs Minister Clement Beaune said on Tuesday, as Hungary, the main obstacle to the embargo, needs to be done to drop its objections. The bloc's members...
Updated: 05/12/2022
Polish govt says EU fund for refugees from Ukraine
The Polish government commissioner for refugees said that the EU should establish a fund for refugees from Ukraine. atrocus to Ukraine is worth billions of dollars, Pawel Szefernaker said after a conference of his counterparts from eleven European countries. The Polish government commissioner for refugees said that the EU should establish a fund for refugees from Ukraine. The EU fund for refugees from Ukraine is worth billions of dollars, Pawel Szefernaker said after a conference of his counterparts...
Updated: 05/12/2022
Oil prices drop on recession fears
Oil prices dropped more than 1% in a volatile week as economic concerns and recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe. Oil prices dropped more than 1% in a volatile week as economic concerns and recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe. By 0303 GMT, crude futures fell $1.25, or 1.2%, to $106.26 a barrel. WTI crude futures fell $1.24, or 1.2%, to $104.47...
Updated: 05/12/2022
Germany can avoid Winter ban on Russian gas
In an interview with EconomicWoche, Economy Minister Robert Habeck said that Germany could be able to weather a ban on Russian gas in the upcoming winter, as long as it fills storages, progresses on LNG terminals and cuts consumption. In an interview with EconomicWoche, Economy Minister Robert Habeck said that Germany could be able to weather a ban on Russian gas in the upcoming winter, as long as it fills storages, progresses on LNG terminals and cuts consumption. Advisers Say that None Don't...
Updated: 05/12/2022
Poland seeks more US support for Ukraine defence
Poland's prime minister said the country had been dealing with the seizure of Russian Federation's money on the grounds that it was designated for terrorist activities. Poland's prime minister said the country had been dealing with the seizure of Russian Federation's money on the grounds that it was designated for terrorist activities. Morawiecki argued that Ukrainians have to be given defensive weapons urgently so that they can defend their homes, lives and families. He stated that larger support...
Updated: 05/12/2022
Russian oil supplies hit by sanctions after Ukraine
Russia sanctioned 31 companies based in countries that imposed sanctions on Moscow after Russia invaded Ukraine in February. massacgging flows to Europe via Ukraine fell by a quarter at the same time that caused unease in the market. Russia sanctioned 31 companies based in countries that imposed sanctions on Moscow after Russia invaded Ukraine in February. Russian gas flows to Europe via Ukraine fell by a quarter at the same time that caused unease in the market. It was the first time that exports...
Updated: 05/12/2022
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