With the EU agreeing to phase out 90% of Russian oil imports by the end of 2022, spikes in the black gold were felt on both sides of the Atlantic.
In addition, China’s lockdown easing gave bulls another boost.
However, a sell-off then ensued, with Russia stating that it would find other buyers for its crude.
So, as we head into the back end of Q2, will there be another test at record highs?
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