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عكس السير
Germany faces energy crisis as oil nears 108
Germany is facing increasing economic pressure due to rising oil and gas prices. The price of Brent crude has climbed to around $107.8 per barrel amid tensions in the Middle East and attacks on energy infrastructure in Saudi Arabia. This rise has led to higher energy costs across Europe, with December gas contracts exceeding €83 per megawatt-hour, surpassing expectations set by the European Central Bank. Officials fear that continued high energy prices could reignite inflation, potentially preventing interest rate cuts or prompting the central bank to raise rates again, especially since Germany relies heavily on energy. This situation is affecting costs, economic growth, and consumers' living conditions.
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