6/24, 3:01 PM (Source: TeleTrader)
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Oil up over 2% as energy uncertainties continue

Crude oil traded higher on Friday as Europe grappled with the energy insecurities arising from the conflict in Ukraine. A report indicated Germany is planning to nationalize sections of the Nord Stream 2 gas pipeline, while German Economy Minister Robert Habeck said gas rationing is "one step away."

West Texas Intermediate (WTI) for settlements in August grew by 2.23% to sell for $106.8 per barrel at 9:01 am ET, while Brent for deliveries in the same month increased by 2.12%, going for $112.42 per barrel.

Baha Breaking News (BBN) / DJ