EnergyPre-market
US sanctions on Russian oil impact global prices
pre-market1 source ↓written by the desknot a recommendation
- of Russia’s crude
- 57%
- prices surged
- 7.5%
- rising
- $61
- per barrel
- $65.6
The United States has imposed sanctions on Rosneft and Lukoil, which produce 57% of Russia’s crude oil. Following the announcement, crude oil prices surged by 7.5%, rising from $61 to $65.6 per barrel. This move tightens global supply and may lead to further price increases, affecting various sectors including insurance and shipping.
Not investment advice. For informational purposes only.