Russia’s military aggression in Ukraine has introduced a risk premium in oil prices that is likely to remain embedded in markets for months, with average oil prices hitting $135 per barrel this year, MUFG Bank has said. With little progress on the diplomatic front and Moscow facing the threat of more sanctions amid the protracting …
The post Oil prices could average $135 in 2022 if Russia-Ukraine war continues, MUFG Bank says first appeared on Hellenic Shipping News Worldwide.
Author: Capt....