Brent $107.59, WTI $105.36, Dubai $102.83
[이투뉴스] The international crude oil futures market rose as reports emerged that Germany, which had been opposed to the EU embargo on Russian crude oil, withdrew its position.
According to the Korea National Oil Corporation, Brent crude futures from North Sea on the 28th stood at $107.59 per barrel, up $2.27 from the previous day. West Texas Intermediate (WTI) futures rose $3.34 to $105.36. Dubai oil spot fell 0.22 dollars to 102.83 dollars.
The Wall Street Journal (WSJ) on that day, citing a source, reported that the EU is highly likely to impose sanctions on Russia’s crude oil import ban next week following Germany’s withdrawal of opposition.
The US dollar index rose 0.7% to 103.665, the highest since 2002, limiting oil price hikes. The euro continued to decline due to concerns over Russia’s natural gas supply disruption to the EU, and the yen also fell on the announcement of the Japanese central bank’s purchase of government bonds, leading to a rise in the value of the dollar.
Reporter Jin-oh Kim kj123@e2news.com
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