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Oil Prices Surge 5% as Russia Sanctions Meet A Tight Futures Market
Oil had one of its biggest days of the year after the U.S. added new sanctions on Russian energy firms, but tight futures positioning set the stage for the big move.
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theguardian.com
Trump news at a glance: Oil prices jump after president puts sanctions on Russia in major policy shift
Trump, who has to date not put sanctions on Russia over the war and instead relied on trade measures, says Rosneft and Lukoil will be targeted. Key US politics stories from…
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Will US sanctions on Russian oil companies be effective, and why is Trump imposing them now?
The measures taken against Rosneft and Lukoil mark the first time the US has sanctioned Russia since Donald Trump’s return to office in January
