There is an expectation that oil prices will be going up early in the new year.
This is after Russian President Vladimir Putin issued a decree yesterday, that bans oil sales to countries and companies that comply with a price cap agreed to by western countries in response to Moscow’s invasion of Ukraine.
Economist Jeremy Stephen has been weighing in on the developments and the potential impact.
Mr Stephen states that he believes there will be a rise in prices but it may not be sustained for too long.
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