Oil soars back above $105 as Ukraine crisis sanctions intensify

Summary by Ground News

Brent crude rose $2.89, or 3 per cent, to $100.82 by 12:08 p.m. EDT (1708 GMT) after touching a high of $105.07 a barrel in early trade. The most active contract, for May delivery, was up $3.14 at $97.26. Russia could retaliate to these harsh measures by reducing or even completely suspending energy shipments to Europe.

5 months ago·London, United Kingdom

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Times of India

Oil surges 6% on Russia nuclear alert as sanctions intensify

Oil prices jumped more than $7 in early trade on Monday after Russian President Vladimir Putin put the country's nuclear deterrent on high alert in the face of Western nations and Japan stepping up sanctions against Russian banks.

5 months ago·Mumbai, India

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Reuters

Oil soars as Russian energy supply fears intensify

Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports.

5 months ago·United Kingdom

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News24

Oil soars above $100 again as more sanctions on Russia spur energy crisis fears

Oil soared as energy and commodity markets were thrown into a state of disarray after Western nations unleashed more sanctions to isolate Russia following its invasion of Ukraine.

5 months ago·South Africa

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South China Morning Post

Oil soars as more sanctions on Russia spur fears of an energy crisis

Oil supply was already struggling to meet the demand recovery from rebounding economies, and any disruptions to flows from the world’s No. 3 producer could sharply exacerbate the tightness.

5 months ago·Hong Kong

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RTÉ

Oil soars on Russia nuclear alert, bank sanctions hit

Oil prices jumped today 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.

5 months ago·Ireland

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Channel News Asia

Oil surges on Russia nuclear alert as sanctions intensify

MELBOURNE : Oil prices jumped more than $7 in early trade on Monday after Russian President Vladimir Putin put the country's nuclear deterrent on high alert in the face of Western nations and Japan stepping up sanctions against Russian banks.The nuclear alert and bank payment constraints heightened fears

5 months ago·Singapore

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