Oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the ...

Crude oil futures rose about $2 around midday Friday as the possibility of more U.S. sanctions against Russian petroleum products triggered global supply worries. Diesel contracts also jumped as below ...

Oil prices rose Friday morning, touching prices last seen in the fall, as traders digested the possibility of further U.S.

Oil prices hit a three-month high due to new US sanctions targeting Russian oil tankers and maritime insurance providers, amidst dwindling US crude stockpiles and cold weather.

“Oil price gains come amid support from a set of positive factors, including favorable weather forecasts, continued announcements of measures to support the Chinese economy, in addition to the ...

The United States announced widespread sanctions against Russia's energy sector Friday, designating more than 180 ships and two major oil companies just days before outgoing President Joe Biden leaves ...

The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest ...

China and India are diversifying their crude oil imports away from Russia and Iran due to tightening Western sanctions and expected supply disruptions.

The United States will impose some of the harshest sanctions yet on Russia's oil industry, according to a purported U.S.

Sentiment was also boosted by a report from Reuters, citing a document, that the United States will impose some of the ...

The document, purported to be from the U.S. Treasury, was being circulated among traders in Europe and Asia. Reuters could ...

Biden administration officials say the sanctions are being imposed now because they are not likely to add to inflation ...