Source: Reuters (via feed)
Oil prices declined on Friday morning. This followed the United States issuing a 30-day license. The license permits countries to buy Russian oil and petroleum products stranded at sea. The action eased supply concerns.
BizTrendWire Insight:
The issuance of the license coincided with a drop in oil prices on Friday morning.
The issuance of the license coincided with a drop in oil prices on Friday morning.