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Crude Spikes As Trump Threatens Russian Giants, Stocks Turn Lower

Crude
International Business Times Fews App News Provider
Fews App Post Time Hace 7h

Oil prices have spiked for a second day in a row after Donald Trump hit Russian giants with sanctions AFP Crude prices spiked more than two percent Thursday after Donald Trump said he would hit two Russian oil companies with hefty sanctions, while talk that the White House was planning curbs on software exports to China added to gloom on markets. Both main oil contracts jumped almost three percent -- having climbed more than two percent Tuesday -- on news of the measures after the US leader said Ukraine peace efforts with counterpart Vladimir Putin "don't go anywhere". The move was joined by another round of punishments by the European Union as part of attempts to pressure Moscow to end its three-and-a-half-year invasion of Ukraine.

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