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Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and cut off certain Russian banks from the global SWIFT system for interbank payments, potentially causing severe disruption to its oil exports. Brent crude rose $4.16, or 4.3 percent, to $102.09 at 0915 GMT, after hitting a …

Oil prices in Brent crude futures rose more than 7 dollars to 105.07 dollars a barrel with the opening of trading on Monday, and oil prices in US crude futures rose more than 7 dollars to 99.10 dollars a barrel. The British oil company BP said on Sunday, February 27, …

Both Brent and WTI crude oil benchmarks slipped back to pre-invasion levels on Friday afternoon, dashing the predictions of some that the oil markets would see apocalyptic pricing.As Russia moved into Ukraine on Thursday by land, air, and sea, crude oil prices shot up in an already volatile oil market. …

US shares rose on the last day of the current trading week, despite having been in the red territory since Russian President Vladimir Putin recognized Donetsk and Luhansk separatist regions in Ukraine as independent states.Wall Street stocks were positively driven by economic data, which highlighted the rise of durable goods …

Oil prices fell on Friday after sharp increases during the session on fears of possible disruption to international supplies following the imposition of sanctions on oil-exporting Russia. Brent crude futures for April fell 33 cents, or 0.3 percent, to $98.75 a barrel at 1045 GMT, after jumping to $101.99. May …

The European Commission issued a statement detailing the proposed sanctions against Russia, which are awaiting approval by European heads of state this evening. These sanctions include depriving Russia of 24 billion euros annually in oil revenues through a European ban on oil exports, financial sanctions targeting 70% of the Russian …

Fears and panic dominate financial markets as Russia launched a military assault on Ukraine. Moscow attacked not only the Donbass region but got near Kyiv during US trading hours. Russia ignores global sanctions and seems determined to take full control of Ukraine, while sanctions tend to avoid Russian energy. A …

Oil markets saw the most intra-day volatility since in nearly three months on Thursday, with front-month WTI futures surging over $8.0 to above $100 for the first time since 2014, only to then drop all the way back to $93.00. The initial surge in crude oil prices was triggered as …

US President Biden outlined a new round of sanctions against Russia on Thursday in response to an invasion of Ukraine that threatens to embroil Europe in a major war.The latest sanctions targeted Russian banks, as well as some of the nation’s wealthiest individuals. Biden depicted the measures as a necessary …

Stocks in Europe were sharply lower, but the S&P 500 rebounded after an early decline. Energy markets swung wildly, and shares in Moscow collapsed. Oil prices and global stock markets swung wildly on Thursday after Russia launched an invasion of Ukraine, raising fears of a wider economic crisis that could …