New records for oil prices, following statements from the United States that Joe Biden’s administration is considering how to cut oil imports from Russia. This was reported by US Deputy National Security Advisor Singh, in an interview with CNN.
The news is accompanied by data on US oil inventories at the Cushing terminal in Oklahoma, where the WTI barrels are delivered, which have fallen to a minimum since 2018.
It is also learned that the strategic reserves of the United States have slipped to the value near the minimum of the last 20 years (this, before the announcement by the White House, on Tuesday, to release strategic reserves along with other advanced countries).
Brent oil contract prices soar as high as $ 116.90 a barrel, a record high since August 2013, while WTI jumps to $ 114.43, a new 11-year high. Both contracts rallied by 3.5%.