💨 Abstract
Oil prices dipped on Friday but recorded a fourth consecutive weekly gain due to US sanctions on Russian energy trade causing supply concerns in Europe, India, and China. Brent crude and West Texas Intermediate futures rose 1.3% and 1.7% respectively for the week. The Biden administration's broader sanctions targeting Russian oil producers and tankers added to the tight supply.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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