Post Tagged with: "oil soars"

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


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 …