A Capital Links Shipping news source reveals the market commentary for a better understanding.
Rising global oil prices
Surging global oil prices and Russian sanctions are forcing Western governments to approach those countries they previously sanctioned in response to alleged human rights and nuclear proliferation.
As the market continues to assess the impact of the Russian invasion of Ukraine and the prospect of sanctioned Russian energy exports, the impacts are starting to be felt. Oil prices have risen to a 14-year high peaking at $139/bbl earlier in the week.
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Source: Capitallinkshipping
