Author name: Siim

Global oil price soars above $81 as US imposes new sanctions on Russia’s oil industry 

Global oil price soars above $81 as US imposes new sanctions on Russia’s oil industry 

Brent rose above $81 per barrel on Monday as the global oil market responded to the latest aggressive sanctions on Russia’s oil industry by the United States. Nairametrics reported that after oil marketers in India and China got a wave of the sanctions on Friday, the global oil benchmark crossed $80 a barrel as they

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