Russia Breaks out the Gloves; OPEC Cuts: Oil Closes Above $50

With Russia threatening the European gas supply and Kuwait and Qatar reducing Asian oil shipments oil closed at a five-week high above $50 a barrel.

One Response to “Russia Breaks out the Gloves; OPEC Cuts: Oil Closes Above $50”

  1. Once again we see how unreliable Russia is as an energy supplier.

    A former colleague of mine is involved in a gas storage project. Good time for that business.

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