Oil prices remain near four-month highs as markets weigh Russia sanctions impact
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Oil prices are near four-month highs as markets assess the impact of new U.S. sanctions on Russian oil. Chinese and Indian buyers are seeking alternative suppliers.
January 14, 2025 | 2:00 am
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BNO, an ETF tracking Brent crude oil prices, may see increased volatility as oil prices remain near four-month highs due to new U.S. sanctions on Russian oil.
BNO tracks Brent crude oil prices, which are influenced by global oil market dynamics. The new U.S. sanctions on Russian oil are likely to affect supply and demand, potentially increasing oil prices and impacting BNO's performance.
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