Oil prices jump as U.S. imposes sweeping sanctions against Russia oil industry
A view of offshore oil and gas platform Esther in the Pacific Ocean on January 5, 2025 in Seal Beach, California. Mario Tama | Getty Images Oil prices jumped on Friday as the U.S. Treasury Department announced sweeping sanctions against Russia’s oil industry. Brent gained $1.92, or 2.5%, to $78.84 per barrel by 11:12 a.m. … Read more
