Oil rose nearly 4% on Tuesday as US ban Russian crude import
Oil rose nearly 4% on Tuesday as US ban Russian crude import
International benchmarks for crude oil settled with almost 4% gains on Tuesday, 8 March 2022 after the US banned the import of Russian oil, gas, and coal while the UK will phase them out by the year-end. The decision is expected to further squeeze the already jittery market.
Brent rose 3.9% to close at $127.98/barrel.
WTI jumped 3.6% to close at $123.70/barrel.