💨 Abstract

Oil prices surged by over 4% on Friday, reaching their highest levels since October, as traders anticipated supply disruptions from potential sanctions on Russia. The U.S. is expected to impose harsh sanctions on the Russian oil industry, which could further tighten the market. Cold weather in the U.S. and Europe is also contributing to increased demand for heating oil, kerosene, and LPG.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖