World oil prices rose on Tuesday after the European Union decided to limit oil imports from Russia, one of the world’s leading producers of black gold.
And U.S. West Texas Intermediate crude futures rose 3.48% to $ 119.08 a barrel at 9:20 am Moscow time.
Brent crude futures rose 1.81% to $ 123.87 a barrel, according to data on the Bloomberg website.
On Monday, European Union leaders agreed in principle to ban 90% of Russia’s oil imports by the end of this year. European Commission President Ursula von der Leyen said that “the Council of the European Union will end the ban on almost 90% of all Russian oil imports by the end of the year.”
“We will soon return to the issue of the remaining 10% carried by oil pipelines,” the European Commission president added.
Source: Bloomberg + RIA Novosti
Source: Arabic RT
