Oil Prices Climb Above $80 Per Barrel Amid Biden's Latest Sanctions
Prices surged after the administration imposed what officials called "most significant sanctions yet on Russia's energy sector."
Oil touches $80 per barrel as sweeping sanctions against Russia rattle markets
Oil prices jumped to a three-month high on Friday, with traders digesting new sweeping sanctions against Russia as the Biden administration tries to cut off Moscow from crude revenue amid the ongoing war in Ukraine.
Oil prices climb on supply fears, Fed rate cut hopes
Oil prices climbed on Friday, heading for a fourth weekly gain, driven by concerns over tighter supply following U.S. sanctions on Russian oil producers and signals from a Federal Reserve official of potential interest rate cuts.
Oil Headed for Weekly Gains on Supply Disruption Fears
Oil was on track for weekly gains of more than 2%, boosted by supply disruption concerns following the latest U.S. sanctions against Russia, with the market now looking ahead to Trump’s White House return for more clarity on trade tariffs and potential sanctions on Iran and Venezuela.
Oil Set for Weekly Gains on Russia Sanctions Fears
Oil prices were on track for weekly gains of more than 2%, boosted by supply disruption concerns following the latest round of U.S. sanctions against Russia. Brent crude was up 0.3% at $81.59 a barrel,
Oil set for fourth week of gains on US sanctions
Oil prices edged lower on Friday but remained on course for a fourth consecutive week of gains, as the latest U.S. sanctions on Russian energy trade added to worries about oil supply disruptions. Brent crude futures were down 41 cents,
Business Insider17h
Oil (WTI) Price
1 Barrel = 42 Gallons Oil (WTI) Price Per 1 Gallon 1.88 USD 1 Barrel = 336 Pint Oil (WTI) Price Per 1 Pint 0.23 USD 1 Barrel ≈ 0,136 Tonnes of Crude Oil Oil (WTI) Price Per 1 ...
Oil prices slip on US energy demand forecast
Oil prices slipped on Tuesday after a U.S. government agency forecast steady U.S. oil demand in 2025 while lifting its ...
Rigzone1d
USA EIA Reveals Latest Brent Oil Price Forecasts
The U.S. Energy Information Administration revealed its latest Brent spot price forecasts in its January short term energy ...
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As a result, the EIA forecasts that average Brent oil prices will be $74.31 per barrel and the American West Texas ...
Oil Could Hit $90, Goldman Sachs Says: 'Trump May Not Ease Sanctions' On Russia
Goldman Sachs is warning of potential upside risks to oil prices following U.S. sanctions on Russia's energy sector, with ...
Six EU countries call for lowering of G7 price cap on Russian oil
Six European Union countries on Monday called on the European Commission to lower the $60 per barrel price cap put on Russian ...
Vanguard4h
Updated: Dangote refinery raises petrol price to N955/litre as oil hits $82/barrel
Dangote Petroleum Refinery has increased the price of Premium Motor Spirit (PMS), commonly known as petrol, citing rising ...
IEA Cuts 2025 Oil Demand Growth Forecast Moderately
The International Energy Agency on Wednesday lowered its projection for 2025 oil demand growth though the organization said ...