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Oil climbs to March highs after embargo on Russian crude

After months of negotiations, the markets are already facing the consequences of the European agreement to embargo imports of Russian crude.

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Oil climbs to March highs after embargo on Russian crude

After months of negotiations, the markets are already facing the consequences of the European agreement to embargo imports of Russian crude. The upward trickle gives way to an acceleration in the rises that drives the barrel of Brent to maximums of more than two months.

Two weeks ago, the price of oil in the United States gave the surprise to that of Europe. The usual discount of the West Texas-type barrel against Brent vanished due to the resurgence of tensions over the supply of gasoline in the market.

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