US Sanctions Russian Oil Giants, Oil Prices Surge

Markets & Money Today | 2 Min News | The Daily News Now! - Ein Podcast von The Daily News Now! - Freitags

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On November 14th, the oil market was shaken by the US governments sanctions on Russian oil giants Rosneft and Lukoil. Prices surged by 8% as traders worried about a potential shortage from Russia, the worlds largest crude and product exporter. However, by Friday, oil prices began to stabilize as the market started to evaluate the long-term effectiveness of these sanctions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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