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At Close: Jun 05, 2026
Oil holds near $80 as U.S. sanctions tighten supply; traders eye upcoming inflation reports for clues on Fed rate cuts.

Oil Market: Will Prices Stay High?

01:47am, Tuesday, 14'th Jan 2025
Oil rallied to a multi-month high this week after the US tightened restrictions on Russia's energy industry and as the world prepares for the incoming Trump administration and its potential trade tar
WTI crude oil and natural gas prices continued to rally in the first quarter of 2025 due to strong seasonal demand and US sanctions on Russia.
Oil prices slipped at market open on Tuesday but remained near four-month highs as Chinese and Indian buyers sought new suppliers in the wake of the Biden administration's toughest sanctions yet on Ru
Oil slipped in early Asian trade. Prices had recently extended their gains as traders fretted over tightened supplies after the U.S. imposed sanctions on Russia's energy industry, ANZ Research said.
New U.S. sanctions on Russian oil may hurt oil supplies in the near term.
The cost of the wildfires in LA could be about $250-$275 billion, the Biden administration sanctions Russian oil and global risk in the bond market. Manus Cranny reports
The crude oil markets continue to see buyers on Monday, as we are now pressuring the significant ceiling in the market, and as a result, this is a scenario where I think a pullback might be necessary.
Oil futures were up strongly Monday, with Brent crude on track for its first finish above $80 a barrel since August, as investors assess the potential hit to supply from a further tightening of sancti
Crude oil prices soar as U.S. sanctions tighten Russian supply. Traders focus on Brent's $85 target and WTI's strength amid supply disruptions.
Oil prices rose to their highest in more than four months as wider U.S. sanctions against Russia's energy industry threaten to disrupt global supplies.
Brent crude hits a 4-month high at $81 as sanctions disrupt Russian oil exports. Geopolitical tensions tighten supplies, pushing markets into backwardation.
Oil prices have hit a four-month high due to a fresh wave of US sanctions on Russia's energy industry, threatening to crimp supplies. The jump in prices may also provide a challenge for central banker
Asian markets tumble as hawkish Fed signals and US-China trade tensions weigh on sentiment.
Goldman Sachs Global Commodities Research co-head Daan Struyven unpacks the impact of sanctions on the Russian oil industry on 'The Claman Countdown.'
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