Post Tagged with: "oil soars"

Source: Oil Price

Oil soars nearly 4% ahead of Fed rate decision

Oil Price


The oil markets continue to be volatile and unpredictable, with WTI and Brent crude making significant gains on Tuesday’s morning session just a day after prices took a big plunge on growing Wall Street bearishness.

At 10:13 a.m. …

Source: Reuters

Oil soars past $110/bbl on growing Russian supply disruptions

US News


NEW YORK – Oil prices surged beyond $110 per barrel on Wednesday as traders scrambled to seek alternative oil sources due to supply disruptions after sanctions on Russian banks amid the intensifying Ukraine conflict, while U.S. crude inventories

Source: Reuters

Oil soars on Russia nuclear alert, bank sanctions impact

Nasdaq


MELBOURNE, Feb 28 – Oil prices jumped on Monday on escalating sanctions against Russia over its invasion of Ukraine, which in turn led President Vladimir Putin to put his country’s nuclear deterrent on high alert.

Brent jumped back above …