10
Mar
Global oil costs fell on Wednesday by way of the most in nearly two years after OPEC member the United Arab Emirates stated it supported pumping greater oilinto a market roiled by way of grant disruptions due to sanctions on Russia after it invaded Ukraine. Brent crude futures settled down $16.84, or 13.2%, at $111.14 a barrel, their largest one-day decline on account that April 21, 2020. U.S. crude futures ended down $15.44, or 12.5%, at $108.70, their biggest day by day decline considering that November. "We desire production will increase and will be encouraging OPEC to consider greater production…