Tuesday, May 31, 2022 7:29:34 AM
5/31 Price of Crude Jumps as EU Foolishly Doubles Down On Sanctions
The EU reached a deal with Hungary and moved forward with more sanctions on Russian oil imports. As expected in this corner, the price of crude jumped.
European Union leaders handed Hungary concessions to agree an oil embargo on Russia over its invasion of Ukraine, sealing a deal in the wee hours on Tuesday that aims to cut 90% of Russia's crude imports into the bloc by the end of the year
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