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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAfter a week of decline marked by the inauguration of Donald Trump and his desire to “drill all the way”, the first effects of sanctions against Russia on the market encouraged oil prices, which stabilized on Monday.
Around 10:50 GMT (11:50 in Paris), the price of a barrel of Brent from the North Sea, for delivery in March, rose 0.38% to 78.80 dollars. Its American equivalent, a barrel of West Texas Intermediate, for delivery in the same month, gained 0.36% to 74.93 dollars. According to Bjarne Schieldrop of the Swedish bank SEB, “it is unlikely that the price of Brent will fall much further as long as Mr. Biden's sanctions against Russia are
in place.”
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