Tag Archives: PRICE

Oil rises in price due to blockage of the Suez Canal

Trading on the oil market on Friday began with a rise in prices for raw materials. Already in the morning, the price of a barrel of Brent oil rose by 0.86% to $62 48 cents. A barrel of WTI crude rose 1.13% to $59.22.

The situation in the Suez Canal contributes to the growth of oil prices. It is actually blocked for the movement of ships, including oil tankers. The problem arose after a 400-meter container ship ran aground.

How long it will last is still unknown. Experts note the uncertainty in the oil market. This is indicated by high volatility.

More significant growth in oil prices is hindered by the difficult epidemiological situation in the United States and Europe. The number of diseases continues to grow. The authorities of a number of countries were forced to take additional decisions on restrictive measures.

This development of events raises concerns among investors about the suspension of growth in demand for oil.

The driver of the Russian diplomat stole bicycles for 100 thousand euros

In Strasbourg, France, an employee of the Russian Embassy was caught stealing bicycles and then reselling them. One of his victims was even a former local official. The Russian was detained, but after a while, he was released to the Russian Federation. This is reported by France Bleu.

The thief was the driver of one of the Russian diplomats. He mostly stole electric bikes. The French say that the Russian “earned” about 100 thousand euros on this.

The investigation began after the electric bike of the former first deputy mayor of Strasbourg was stolen on the street near the French representation of the Council of Europe. A few days later, he found his bike on one of the sites at half price.

The police agreed with the “seller” to “ buy “ a bicycle, and he made an appointment in front of the entrance to the Russian consulate. As soon as he left the building, the police immediately arrested him. After some time, he was released from custody.

But as soon as the French law enforcement officers wanted to call him, the Russian diplomatic institution reported that he had returned to Russia allegedly because of health problems.

The third wave of COVID-19 hits oil prices

Benchmark oil prices are rapidly declining — the price of Brent has already reached $62 per barrel. The reason was the increase in the incidence of COVID-19 and the third wave of the pandemic in Europe. This leads to the introduction of strict quarantine restrictions, which clouds the prospects for oil demand.

The price of the May Brent crude oil futures fell to $61.98 per barrel by 17:38, according to Investing. This is 4.09% ($2.64) less than at the close of the last trading.

May WTI futures fell 4.45% ($2.74) to $58.87.

“Oil prices are falling on concerns about the third wave of coronavirus in Europe, which could negatively affect the prospects for economic recovery and energy demand,” Interfax quoted Margaret Young, an analyst at DailyFX, as saying.

Think Markets analyst Fawad Razaqzada believes demand will pick up as travel restrictions ease in the coming months, but “the impact of this will be offset to some extent by an increase in oil reserves.”

Recall that the number of deaths from COVID-19 has also increased worldwide. As for the infection rate, the global average increased by 8%, but in Europe, the increase was 12%. At the same time, anti-quarantine protests have not subsided in Europe.

Biden in an interview calls Putin a murderer

US President Joe Biden said he considered Russian President Vladimir Putin a “killer”. He said this, answering a question from ABC News presenter George Stephanopoulos.

The question concerned an investigation into cyberattacks involving Russia and an intelligence report that identified Russia’s attempts to influence the outcome of the US presidential election.

“You will see the price he will pay soon,” the US president said of Putin.

Biden recalled a meeting with Putin, during which he told him that he had no soul.

The US President answered in the affirmative to the journalist’s clarifying question about whether he considers Putin to be a murderer.

As reported, US National Intelligence has established that the Russian Federation was trying to influence the US presidential election in 2020 by denigrating Joe Biden and backing then-President Donald Trump.

The administration of US President Joe Biden is preparing a package of sanctions against at least three foreign states that have attempted to interfere in the presidential elections and parts of the United States Congress last year.

In Poland, rapid tests for COVID-19 will be sold in stores

From the beginning of next week, rapid tests for coronavirus will appear in Biedronka stores throughout Poland.

These will be tests produced by the Swiss company Prima Lab. Their accuracy is 98.3%. It will be possible to get tested at home, for this, you only need a drop of blood, and the result will be available after 10 minutes.

The Primacovid tests that Biedronka will sell are the so-called serological tests. They can detect if a person has developed IgG and IgM antibodies against the coronavirus. Tests will be on sale before stock runs out. Price for 1 piece — PLN 49.99. At the same time, Biedronka introduced a purchase limit: no more than three tests per customer.

Following Bedronka, tests for COVID-19 should soon start selling in another popular retail chain in Poland — Lidl. They promise that the tests will appear in a few days or weeks. At the same time, Lidl wants to sell not only serological tests but also showing the presence of COVID-19 during illness.

Recall that a new wave of coronavirus is expected in Poland, so ski resorts are being closed.