Uncertainty over the war in Ukraine is pushing up oil and gas prices today. Oil has become about 6% more expensive and is currently around $125 a barrel.
The rise is partly due to US Secretary of State Blinken’s statement over the weekend that the US and its allies discussed a ban on oil imports from Russia. Russia is a major oil and gas exporter. These exports are not yet subject to Western sanctions.
Petrol is also becoming more and more expensive due to the constantly rising oil prices. The national average recommended retail price today is 2,357 euros for 095 euros per liter, United Consumers reports. A cent more than yesterday.
Gas
The price of petrol, which can fluctuate greatly, rose in the morning hours. At around 9:30 am, the megawatt reached 345 euros per hour, a new record. Then the price dropped again.
At around 11pm it was still at 255 euros, an increase of about 32% compared to the previous trading session last Friday. By way of comparison: at the beginning of this year the gas price was still around 70 euros.
Wheat
The price of wheat is also rising rapidly. The price on the Chicago Mercantile Exchange rose almost 6% and reached its highest level since 2008. The main grain exporters are Ukraine and Russia.
War in the stock markets brings new losses. The Amsterdam stock exchange lost about 1.7% around 11 am. Other European stock markets also fell, with Frankfurt and Paris minus 4%, London minus 1.7%. Asian stock markets also fell early. The Tokyo Stock Exchange closed with a loss of 2.9%.
Source: NOS
Smith Charles is a talented entertainment journalist and author at The Nation View. He has a passion for all things entertainment and writes about the latest movies, TV shows, music, and celebrity news. He’s known for his in-depth interviews with actors, musicians, and other industry figures, and his ability to provide unique perspectives on the entertainment industry.
