Oil Prices Rally Over 2% After US Sanctions Hit Russia’s Energy Giants

Global oil prices climbed sharply on Thursday, rising more than 2% in early trading as new US sanctions against Russia’s two largest oil producers — Rosneft and Lukoil — fueled fresh concerns about supply disruptions. Brent crude surged 2.12% to trade at $64.29 per barrel, up from $62.95 in the previous session. Similarly, the US … Continue reading Oil Prices Rally Over 2% After US Sanctions Hit Russia’s Energy Giants