Russian oil embargo close, that’s why the price is at its lowest for the year

Petroleum Russia out of action in less than a week in Europe, yet the price of the barrel does not warm up. In reverse. In view of the embargo – which for crude oil will come into force on December 5 – losses have increased, to the point of completely canceling the increases accumulated during 2022, marked by the war in Ukraine and the sanctions against Moscow.

Brent for December sank as low as $80.64 in the Monday, Nov. 28 session (barring…