Brent Crude Oil Hits $80 a Barrel for First Time Since October
Oil surpassed $80 a barrel as traders digested a report that Indian oil processors are bracing for new US sanctions that ...
Russia faces higher costs on sea-borne oil exports due to new US sanctions
The new sanctions target traders in the so-called shadow fleet that have allowed Russia to get its oil to global markets.
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Oil Prices Climb Above $80 Per Barrel Amid Biden's Latest Sanctions
OLIVER BUNIC/AFP via Getty Images On Monday, Brent crude—the benchmark used for the light oil market in Europe, Africa and the Middle East—rose above $80 a barrel to its highest in more than ...