Oil Prices Surge on Sanctions
This is a U.S. news story, published by Yahoo Finance, that relates primarily to * Brent news.
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Oil pricesReuters
•Oil hits more than 3-month high as US sanctions hit Russia exports
79% Informative
Brent crude futures climbed $ 1.35 , or 1.69% , to $ 81.11 a barrel by 2339 GMT .
U.S. West Texas Intermediate crude rose 1.83% to $ 77.97 a barrel after touching a high of $ 78.32 , the loftiest price since Oct. 8 .
Russian oil exports will be hurt by the new sanctions, pushing top buyers China and India to source more oil from the Middle East , Africa and the Americas .
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