Open Demo Account
Home / Market Update / Commodities / Oil prices rise more than 2% as Putin announces partial military mobilization

Oil prices rise more than 2% as Putin announces partial military mobilization

Adel 21 September, 2022 1:37 pm Commodities, Forex Market, Market Update

Oil prices jumped more than 2 percent on Wednesday after Russian President Vladimir Putin announced a partial military mobilization, escalating the war in Ukraine and raising fears of further oil and gas shortages.

Brent crude futures rose $2.28, or 2.5 percent, to $92.90 a barrel by 0707 GMT, after falling $1.38 on Tuesday.

US West Texas Intermediate crude futures rose $2.22, or 2.6 percent, to $86.16 a barrel.

Tags

Check Also

Spain’s Industrial Prices Surge 10.5% — Fastest Since December 2022 — as Energy Costs Jump 28.2%

Key Takeaways Fastest pace in 2.5 years: Spain’s industrial price index rose 10.5% year-on-year in …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends