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4 days agoOil Surges to $92 as US Sanctions Target Russian Energy Majors
Crude oil prices spiked sharply, with Brent futures gaining 5% to $92 per barrel after Washington imposed new sanctions on Russia’s Rosneft and Lukoil. The move reignited supply concerns in global energy markets. European majors BP and Shell advanced up to 3%, leading the STOXX energy sub-index higher. Analysts forecast near-term volatility as traders assess potential retaliation and disruptions. OPEC+ officials reiterated readiness to stabilize output if sanctions escalate into broader supply chain constraints.
neutral
4 days agoOil Surges to $92 as US Sanctions Target Russian Energy Majors
Crude oil prices spiked sharply, with Brent futures gaining 5% to $92 per barrel after Washington imposed new sanctions on Russia’s Rosneft and Lukoil. The move reignited supply concerns in global energy markets. European majors BP and Shell advanced up to 3%, leading the STOXX energy sub-index higher. Analysts forecast near-term volatility as traders assess potential retaliation and disruptions. OPEC+ officials reiterated readiness to stabilize output if sanctions escalate into broader supply chain constraints.
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Oil Surges to $92 as US Sanctions Target Russian Energy Majors
4 days ago
1 min read
74 words
Brent crude rallied 5% to $92 after new U.S. sanctions on Rosneft and Lukoil, sparking supply concerns and lifting global energy stocks higher.
Crude oil prices spiked sharply, with Brent futures gaining 5% to $92 per barrel after Washington imposed new sanctions on Russia’s Rosneft and Lukoil. The move reignited supply concerns in global energy markets. European majors BP and Shell advanced up to 3%, leading the STOXX energy sub-index higher. Analysts forecast near-term volatility as traders assess potential retaliation and disruptions. OPEC+ officials reiterated readiness to stabilize output if sanctions escalate into broader supply chain constraints.
Crude oil prices spiked sharply, with Brent futures gaining 5% to $92 per barrel after Washington imposed new sanctions on Russia’s Rosneft and Lukoil. The move reignited supply concerns in global energy markets. European majors BP and Shell advanced up to 3%, leading the STOXX energy sub-index higher. Analysts forecast near-term volatility as traders assess potential retaliation and disruptions. OPEC+ officials reiterated readiness to stabilize output if sanctions escalate into broader supply chain constraints.
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crude oil
Brent
crude oil
Brent
Russia
sanctions
energy stocks
Oct 26, 2025 • 19:43 IST