Oil prices

Rising global wheat prices could cost the government an additional EGP 15 bn this fiscal year, Finance Minister Mohamed Maait told Bloomberg Asharq
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Oil prices jumped as the crisis between Russia and Ukraine escalated. In Asia morning trade Tuesday, U.S. crude surged 3.22% to $94 per barrel, while Brent jumped 1.5% per barrel to $96.82.
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The global economy is expected to return to growth in 2021, yet oil prices will remain below pre-Covid-19 crisis levels for several years ahead, according to Fitch Solutions.
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Oil prices drifted lower at the mid-week trading session in London. The plunge in crude oil prices is largely due to a surge in U.S. crude oil stockpiles and the travel restrictions put in place to…
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