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5/23, 12:28 PM (Source: TeleTrader)
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Oil prices rise, Brent up by almost 1.5%

The prices of oil futures advanced on Monday after Poland announced it is ending its agreement with Russia on the Yamal–Europe natural gas pipeline.

Meanwhile, at the World Economic Forum, German Economic Affairs Minister Robert Habeck reaffirmed his country's readiness to impose an embargo on Russian oil products over that nation's military operation in Ukraine.

West Texas Intermediate for deliveries in July went up by 1.36% at 12:19 to sell for $111.58. At the same time, Brent for settlements in July rose by 1.46% to go for $113.97.

Baha Breaking News (BBN) / JR