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BRENT CRUDE
The bears have taken over the oil market as prices are down over 5% in the Asian session on Tuesday.
Oil prices shed as much as $4 a barrel at the start of the trading session for the week, extending last week's decline.
The Brent crude futures ended the week at $112.67 a barrel, after hitting a weekly session low of $107.13.
The Brent crude futures has started the trading session, surging over $135 per barrel, as Russia's invasion of Ukraine intensifies
A fire that engulfed the Zaporizhzhia power plant in Enerhodar, Ukraine, following an attack and capture by Russian forces caused Friday's trading to be volatile.
The Brent oil traded at $100 per barrel in the Asian session today on news of Russia attacking Ukraine.
Nigeria's economic diversification has been the main topic of discussion since the covid-19-induced disruption in 2020.
Oil prices are down at the start of the London session today, as it became clear the first wave of U.S. and European sanctions on Russia.
Brent oil is struggling to stay above the $90 support zone as Joe Biden and Vladimir Putin have agreed in principle to a summit over Ukraine.
The black liquid is down at the start of the London session on Thursday.
All eyes are now on the weekly U.S. oil inventories data from the Energy Information Administration (EIA) due later today.
Oil prices hit their highest level in more than seven years in the Asian session today.