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Oil surges as sanctions seen disrupting Russian supplies; China, India reportedly turning away tankers

by Carl Surran
January 14, 2025
in Business
Reading Time: 1 min read
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Jan. 13, 2025 7:29 PM ETUnited States Oil Fund, LP ETF (USO), CL1:COMUCO, DBO, UNG, FCG, USL, SCO, UNL, BNO, BOIL, KOLD, GUSH, DRIP, USOI, CO1:COM, NG1:COMBy: Carl Surran, SA Information Editor

SlavkoSereda/iStock by way of Getty Photos

Crude oil futures jumped to five-month highs Monday, persevering with the rally begun Friday following information of expanded U.S. sanctions in opposition to Russian oil that concentrate on a number of producers and a whole lot of tankers, which analysts say threatens to disrupt world provides.

The sanctions



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Tags: ChinadisruptingIndiaOilreportedlyRussianSanctionssuppliessurgesTankersTurning
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