💨 Abstract

imposes sanctions on Russian oil producers, causing oil prices to surge to a three-month high. The Biden administration aims to disrupt every stage of Moscow's oil production and distribution chains. Brent crude futures rose $2.31 to $79.23 a barrel, while U.S. West Texas Intermediate crude futures advanced $2.23 to $76.15.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖