Oil jumps more than 3% on concern over more sanctions on Russia and Iran
Oil prices surged on Friday and were on track for a third straight week of gains as traders focused on potential supply disruptions from more sanctions on Russia and Iran. Brent crude futures gained $2.
Oil Prices Skyrocket 4.5% as U.S. Targets Russian Tankers
Oil prices hit a three-month high due to new US sanctions targeting Russian oil tankers and maritime insurance providers, amidst dwindling US crude stockpiles and cold weather.
Energy Up as Oil Futures Surge on New Russia Oil Sanctions --- Energy Roundup
Shares of energy companies rose as oil futures spiked due to new U.S. sanctions on the Russian oil industry. Benchmark U.S. crude futures jumped almost 4% to top $76.57 a barrel, testing the $77 level for the first time since early October as icy weather in Texas threatened domestic supply,
Oil prices rally 3% as US hits Russian oil with tougher sanctions
Oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the broadest U.S. sanctions package targeting Russian oil and gas revenue. President Joe Biden's administration imposed fresh sanctions targeting Russian oil producers,
Oil jumps more than 4%, Brent breaks $80 as traders worry about tougher Russia sanctions
Oil prices jumped more than 4% on Friday, with global benchmark Brent breaking $80 per barrel for the first time since October on fears that tougher U.S. sanctions on Russia will disrupt crude supplies.
Oil prices rally as fresh U.S. sanctions on Russia threaten global supplies
Oil futures ended sharply higher on Friday, as fresh U.S. sanctions on Russia’s oil sector looked to threaten global supplies and as winter storms in the U.S. were expected to boost demand for heating fuels.
Oil Jumps on U.S. Sanctions Prospects
Oil prices jump nearly 4% in afternoon trade, with Brent crude breaking above $80 a barrel on prospects of fresh U.S. sanctions against Russia. The international oil benchmark is currently up 3.8% to $79.
Crude Finishes Sharply Higher as the US Expands Sanctions on Russian Oil
Friday closed up +2.65 (+3.58%), and February RBOB gasoline (RBG25) closed up +0.0466 (+2.30%). Crude and gasoline prices Friday settled sharply higher, with crude posting a 3-month high and gasoline posting a 2-3/4 month high.
Oil jumps on concerns about more sanctions on Russia and Iran
Oil prices surged on Friday and were on track for a third straight week of gains as traders focused on potential supply ...
A top Iranian general said Russia was actually bombing the empty desert while saying it was attacking Syrian rebels
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Iran is reeling from a cratering economy and stinging military setbacks across its sphere of influence in the Middle East.
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