Crude prices slip as Russian oil escapes sanctions


Oil prices remained mixed in a volatile session on Friday after the US did not target the Russian oil and gas sector with sanctions.

As of 1315 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, shed $0.37 (-0.37 percent) to reach $98.71 a barrel. Brent a day earlier rose to $105.36 a barrel.

On the other hand, the US West Texas Intermediate price reached $92.93 a barrel, up by $0.12. The price for Opec Basket was recorded at $96.10 a barrel with a decrease of 1.88%, Arab Light was available at $97.61 a barrel with a decrease of 2.67% and the price of Russian Sokol went down to $99.31 a barrel with 1.98% decrease.—TLTP

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