• WEDNESDAY
  • JANUARY 22, 2025
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Oil Prices Continue to Surge Globally

Global oil prices have climbed for the third consecutive day, driven by sanctions imposed on Russia by the United States and the United Kingdom.   According to a Reuters report on Monday (January 13), these sanctions are expected to disrupt Russia's crude oil exports to China and India, fueling the recent price surge. As a result, Brent crude oil prices rose by $1.48 per barrel, reaching $81.24—the highest level since August 27. Previously, Brent had peaked at $81.4