Oil prices surged on Thursday after the US administration announced sweeping sanctions targeting Russia’s two largest oil companies, Rosneft and Lukoil.
The international benchmark, Brent crude, rose by 5.24% to around $65.87 per barrel at around midday, building on a 2% gain the previous day. WTI, meanwhile, rose by 5.68% to $61.82.
The sanctions freeze all US-based assets of Rosneft and Lukoil and bar American firms and citizens from doin
Continue Reading on Euronews
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.