Crude oil hits $90, but local prices unchanged

Crude oil hits $90, but local prices unchanged

Russia has amassed a large number of troops on the Ukraine border, triggering warnings from the US that an invasion would be met with harsh sanctions. If the situation escalates, it has the potential to upset the energy market as Russia is the largest exporter of natural gas to Europe and leads, along with Saudi Arabia, the group of producers’ which dominate the oil market.

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