Moscow’s full-scale invasion of Ukraine roiled global energy markets in 2022 as European nations sought to end their dependence Russian natural gas.
President Joe Biden has authorized Ukraine to use long-range missiles to hit targets in Russia in a major departure from Washington's previous position.Crude oil futures edged slightly lower on Tuesday, after rallying about 3% in the prior session on fears that the war between Ukraine and Russia is escalating.December contract: $68.79 per barrel, down 37 cents, or 0.53%. Year to date, U.S. crude oil has declined about 4%.January contract: $73.02 per barrel, down 28 cents, or 0.38%.
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Crude Oil ticks up as tensions between Russia, Ukraine intensifyCrude Oil price is trading below $68.00 on Monday, ticking up slightly following the escalation in the war between Russia and Ukraine over the weekend. Russia launched a large air strike to hit Ukraine’s power grid, while US President Joe Biden’s
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South Korea demands withdrawal of North Korean troops allegedly helping Russia fight UkraineSouth Korea issued a demand to Russia to condemn the cooperation between Russia and North Korea, calling for the withdrawal of North Korean troops from Russia's war with Ukraine.
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North Korea Responds to Claims Troops Deploying to Russia-Ukraine WarSouth Korea said last week that 1,500 North Korean special forces were already in Russia's Far East.
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Ukraine's population has shrunk by 10 million since Russia first invaded, according to U.N. estimateThe U.N. Population Fund says Ukraine's population has shrunk by more than 20% since Russian troops first invaded a decade ago.
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Russia and Ukraine Quietly Resume Talks About Partial Ceasefire: ReportThe Financial Times reported that diplomats are discussing whether to stop hitting energy infrastructure.
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Russia's Lavrov to visit EU for the first time since Ukraine warThis announcement comes amid escalating tensions, with both Russia and Ukraine claiming to have downed numerous drones from the opposing side overnight, signaling a surge in drone attacks.
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