A wave of relief swept through the markets on Monday, driven by hopes of a potential agreement between the United States and Iran to bring a...
WTI crude plunged by 15.40% this Wednesday to $95.55 per barrel, while North Sea Brent dropped by 15.03% to $92.85.
By midday Monday, the price of a barrel of North Sea Brent crude for May delivery had fallen by 9.63% to $101.39.
With the aim of countering the harmful effects of the Russia–Ukraine conflict on purchasing power, the government had put in place a significant cushioning mechanism. A...