Oil rises more than 4% on fresh US sanctions against Russia - Reuters
AI Summary1 min read
TL;DR
Oil prices surged over 4% due to new US sanctions on Russia, impacting global markets and prompting adjustments in Russian oil purchases by major refiners like India's Reliance.
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Oil PricesUS SanctionsRussiaEnergy MarketsReliance
- Oil rises more than 4% on fresh US sanctions against Russia Reuters
- Zelenskyy hails sanctions on Russian oil and gas as EU leaders discuss use of frozen assets for Ukraine – Europe live The Guardian
- India’s top refiner Reliance says it will ‘recalibrate’ Russian oil purchases Financial Times
- Trump Imposes Sanctions on Russian Oil Companies as His Frustration With Putin Mounts The New York Times
- Oil jumps 3% after Trump administration sanctions big Russian oil companies CNBC