Oil Prices Remain Elevated After Russia Sanctions Sparked Supply Concerns

Oil prices were down slightly on Tuesday morning but remained elevated on the back of U.S. sanctions on Russia which caused prices to spike on Monday.- The US Department of Treasury implemented its most sweeping round of sanctions as it OFAC-listed 183 individual oil tankers, doubling the list of ships heretofore targeted by the US, UK, and the European Union.  - Up until now, OFAC had designated 39 tankers that carried Russian oil or products since it started its sanctioning spree in October 2023, with 33 penalized ships failing to lift cargoes…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com