6 hours ago
Oil Prices Expected to Jump on Conflict in Russia
Oil traders and analysts are bracing for higher energy prices on Monday.
“Internal turmoil is a risk for supply to global markets, if it turns out to be a proper civil war it would of course hamper oil supply,” said Bjarne Schieldrop, chief commodities analyst at Nordic bank SEB.
Oil traders said they planned to increase bets on the price of oil going up. The most actively traded contact for global crude benchmark Brent settled at $74.01 a barrel on Friday after a volatile week of price swings.
Source: finance.yahoo.com
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