This morning, a barrel (159 liters) of North Sea oil Brent cost $123.32. That’s $1.65 more than yesterday. The price of a barrel of oil of the American type WTI rose by $3.47 to $118.54.
EU leaders reached an agreement on Monday to introduce a ban on the import of Russian oil. Initially, it concerns an embargo on oil imported by sea, which will ban two-thirds of all Russian oil. An additional Polish-German import ban will remove more than 90 percent of Russian oil from the market by the end of the year.