Oil Prices Surge on US-Russia Sanctions

Oil prices surge in Asian trading, driven by US sanctions on Russia and government reopening, but concerns of oversupply and increased inventories cap gains. New US sanctions on Russias largest oil companies, targeting Rosneft and Lukoil, aim to disrupt global supplies and encourage ceasefire with Ukraine, but progress remains elusive.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.