💨 Abstract

Oil prices surged on Friday, set for a third consecutive week of gains, due to potential supply disruptions from increased sanctions on Russia. Brent crude and U.S. West Texas Intermediate both hit three-month highs. The U.S. is reportedly planning to impose harsher sanctions on the Russian oil industry, as per a document seen by Reuters.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖