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Energy and Power

4 Min read

For a second day, oil prices are climbing due to supply issues

Published On 27 Jul 2022 04:00 PM


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After Russia, a major energy provider to the area, halted gas delivery through a major pipeline, concerns about a tightening European supply increased, driving up oil prices on Tuesday for a second day.

By 1359 GMT, Brent crude futures had increased by $1.25, or 1.2 per cent, to $106.40 per barrel, adding to the previous day's 1.9 per cent gain.

After rising by 2.1 per cent on Monday, U.S. West Texas Intermediate (WTI) ....


Tags : European Union, Oil Prices,
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