Brent oil rises 5.4% due to shortage fears • Markets • Forbes Mexico

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The price of a barrel of Brent oil for delivery in December rose 5.43% this Thursday, to $65.99, in the London futures market, due to fear of a supply shortage following the United States sanctions against the Russian oil companies Rosneft and Lukoil.

Find out: The US sanctions the two main Russian oil companies for the war in Ukraine

North Sea crude oil, a benchmark in Europe, added $3.40 compared to the last session on the International Exchange (ICE), when it closed at $62.59.

Brent continued its upward path after the measures announced on Wednesday by the US government of President Donald Trump against the main Russian oil companies, which fueled fears of a possible interruption in global supply and raised the geopolitical risk premium on crude oil.

With information from EFE.

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