Oil prices rise 4% after U.S. tightens sanctions on Russian crude sales
Oil prices on Friday rose more than 4% after the U.S. tightened sanctions against Russian crude exports.
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Oil prices on Friday rose more than 4% after the U.S. tightened sanctions against Russian crude exports.
European gas prices have jumped above the €50 per MWh threshold for the first time since August, sparking fears of a winter supply shortage.
OFAC has imposed sanctions on two companies for carrying Russian crude cargoes priced above the cap.
US officials have imposed sanctions on companies violating the $60 per barrel price cap on Russia's seaborne crude exports for the first time on October 12. Simultaneously, an international coalition...
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