Commodities

IEA says oil price spike, Russia sanctions to hit global growth

By Frank Prenesti

Date: Wednesday 16 Mar 2022

(Sharecast News) - Global economic growth is expected to be hit by a combination of rising commodity prices, a lack of supply from Russia and sanctions on Moscow, the International Energy Agency (IEA) said on Wednesday.
Oil prices soared to $140 a barrel after Russia's unprovoked invasion and attack on Ukraine...

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