price movements
In 2022, crude oil prices have seen Brent They are up about 10%, after rising 50% in 2021.
U.S. West Texas crude is up about 7% in 2022, after rising 55% last year.
And the two benchmarks moved higher in the last trade of the year on Friday as Brent crude rose about $2.45 a barrel, or about 3 percent, to hit a close of $85.91 a barrel.
US West Texas crude oil settled at $80.26 a barrel, up $1.86 or 2.4%.
Both benchmarks fell sharply in 2020 after the COVID-19 pandemic sharply reduced fuel demand.
Investors are expected to continue to be cautious into the coming year in light of interest rate hikes by central banks around the world and a possible recession in major world economies.
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Volatility has come in prices the oil Since the outbreak of war in Ukraine The end of last February, which caused a rise in the price of black gold, given that Russia is one of the largest energy exporters in the world.
price movements
In 2022, crude oil prices have seen Brent They are up about 10%, after rising 50% in 2021.
U.S. West Texas crude is up about 7% in 2022, after rising 55% last year.
And the two benchmarks moved higher in the last trade of the year on Friday as Brent crude rose about $2.45 a barrel, or about 3 percent, to hit a close of $85.91 a barrel.
US West Texas crude oil settled at $80.26 a barrel, up $1.86 or 2.4%.
Both benchmarks fell sharply in 2020 after the COVID-19 pandemic sharply reduced fuel demand.
Investors are expected to continue to be cautious into the coming year in light of interest rate hikes by central banks around the world and a possible recession in major world economies.
