Oil Prices Fall As Druzbha Pipeline Resumes Flows ...Middle East

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Oil prices have been falling in Wednesday’s session after oil flows on the Druzhba pipeline from Russia to Eastern Europe resumed after having been temporarily suspended following repairs on electrical infrastructure damaged in Moscow’s latest assault on Ukraine.  Brent crude was trading down 2.11% at 11:50 a.m. EST, while WTI was down 2.83%.  The extent of the disruption is yet to be determined, but came concurrent with a big explosion in eastern Poland near the Ukrainian border that raised widespread alarm especially among…

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