Crude Oil Climbs On European Diesel Shortage And Fresh EU Sanctions On Moscow

Primanews | 20-07-2025 10:56am |

Oil prices rose on Friday as tightening diesel supply in Europe and newly adopted European Union sanctions on Russia supported the crude market despite ongoing concerns over a global stockpile buildup. Brent crude, the global benchmark for Nigerian oil, rose by 1.5% to close near $70 per barrel on Thursday. The rally was underpinned by [...]

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