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Market Impact: 0.62
Russian ESPO oil price exceeds $120 per barrel, traders say and data shows
Source: reuters.com
Energy Markets & PricesGeopolitics & WarCommodities & Raw MaterialsTrade Policy & Supply Chain
Russia's ESPO Blend crude rose above $120 per barrel for the first time since April as Chinese refiners increased demand. The U.S.-Israeli war on Iran is disrupting Middle Eastern oil supplies, tightening regional crude availability and supporting Russian export prices.
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