WTI is under pressure, sliding from corrective highs By ross_burland Oil WTI Commodities RussianFederation
The deepening crisis in Ukraine raises the prospect of heavier sanctions.were climbing at the start of the week but have since moved lower and at $103.72, the black gold is down by some 0.52%. However, concerns growing about tighter global supply would be expected to keep the price elevated.
Additionally, EU governments said last week the bloc's executive was drafting proposals to ban Russian crude, but diplomats said Germany was not actively supporting an immediate embargo.
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