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“Oil prices rose sharply Wednesday after Russia warned a major oil pipeline could be out of service for more than a month due to storm damage, amplifying supply shortfalls caused by the war in Ukraine. News of the outage helped drive US oil prices 5.2% higher to settle at $114.93 a barrel. Brent crude, the world benchmark, jumped 5.3% to $121.60 a barrel.”
Further, read this article here: https://edition.cnn.com/2022/03/23/business/oil-gas-prices-russia-pipeline/index.html
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