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Oil jumps more than 4%, Brent breaks $80 as traders worry about tougher Russia sanctions
Oil prices jumped more than 4% on Friday, with global benchmark Brent breaking $80 per barrel for the first time since October on fears that tougher U.S. sanctions on Russia will disrupt crude supplies.
Crude prices jump more than 3% on concerns over more US sanctions on Russia
The document, purported to be from the U.S. Treasury, was being circulated among traders in Europe and Asia. Reuters could not verify the veracity of the document
Oil prices jump 4% on cold weather, supply concerns
Oil futures rose sharply early Friday, trading at their highest since October with support tied to cold weather in the U.S. and supply concerns.
Oil Jumps on U.S. Sanctions Prospects
Oil prices jump nearly 4% in afternoon trade, with Brent crude breaking above $80 a barrel on prospects of fresh U.S. sanctions against Russia. The international oil benchmark is currently up 3.8% to $79.
Oil prices rally 3% as US hits Russian oil with tougher sanctions
Oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the broadest U.S. sanctions package targeting Russian oil and gas revenue. The Biden administration on Friday imposed fresh sanctions targeting Russian oil producers,
Crude Rallies as the US Expands Sanctions on Russian Oil
WTI crude oil (CLG25) today is up +1.92 (+2.60%), and February RBOB gasoline (RBG25) is up +0.0344 (+1.70%). Crude and gasoline prices today are sharply higher, with crude posting a 3-month high and gasoline posting a 2-3/4 month high.
5h
Brent Crude Oil Hits $80 a Barrel for First Time Since October
Oil surpassed $80 a barrel as traders digested a report that Indian oil processors are bracing for new US sanctions that ...
1h
Why Has Oil Hit A 3-Month High With Brent Touching $80
On Friday, crude oil futures rose to price levels last seen in October 2024. What are the reasons behind the uptick in prices ...
1d
Oil Price Update - Will Brent Break $80? Winter Demand, Offshore Drilling, And Technicals In Focus
Oil prices have started 2025 strong, defying expectations of a downturn fueled by worries about slowing demand. Click to read ...
8h
Oil News: Crude Prices Surge as Supply Risks Drive Bullish Momentum
Crude oil futures rally, building on last week’s 200-day moving average breakout, with the key target at $77.36.
Crude Oil Prices
5h
The Oil Bulls Are Back as Brent Breaks $80
Oil prices have started the year rallying aggressively, with Brent breaking $80 on Friday morning for the first time since October 7th.
1d
Citigroup Raises Its 1Q Target Price for Brent Crude to $71/bbl -- OPIS
Citigroup commodity analysts on Thursday boosted their outlook for first-quarter Brent crude prices $71/bbl from $65/bbl earlier. While the analysts maintained a bearish price outlook for the year, ...
1d
Oil News: Crude Holds Steady After Five-Day Rally, Dollar Strength Caps Gains
Oil prices hold near 3-month highs as demand rises, but a strong dollar limits gains. Traders eye supply risks and Fed ...
8d
Brent crude outlook bearish on oversupply, grim oil demand; 2025 average pegged at $74 after hitting $80 in 2024
Brent crude oil benchmark settled down around three per cent from its final 2023 closing price of $77.04, while US WTI was ...
2d
US crude stocks at Cushing fall to decade-low, fuel inventories surge, EIA says
U.S. crude stocks fell last week, driving the Cushing, Oklahoma hub to a 10-year low, while fuel inventories surged, the ...
22h
on MSN
Oil futures end higher, with Brent turning up for the week
Oil futures gained on Thursday, with global benchmark prices turning higher for the week and buoyed by optimism over the ...
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