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Oil within a whisker of $ 100, gas, aluminum and nickel runs on record

Ukraine crisis and commodities

The first sanctions against Russia should not hinder exports of raw materials. But the market is shaking

by Sissi Bellomo

The escalation of the crisis in Ukraine inflames energy prices, projecting oil within a breath of 100 dollars a barrel. Brent rose to $ 99.50 on Tuesday 22, up about 4% compared to the previous session and almost 30% from the beginning of the year, only to fall back to around $ 97: a step backwards linked to the relative reassurance offered by first Western sanctionswhich do not seem to pose obstacles to the export of fuels (or other raw materials …

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