Tag: highfuelprices
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SANCTIONS ON RUSSIA CAUSE HIGH PETROLEUM PRICES
Against that backdrop of steadily rising prices, Russia’s war in Ukraine has caused a rapid 20%-plus spike in oil and gas prices in mere weeks. Benchmark U.S. crude oil rose $3.31 to $109.33 a barrel March 11, while Brent crude rose $3.34 to $112.67 a barrel. President Biden on March 8 announced a U.S. ban…