Oil futures trade mixed Wednesday, after sanctions against Russia were seen doing little to crimp crude exports.
Oil futures edged lower Wednesday, after sanctions against Russia were seen doing little to crimp supplies of crude.
But... Oil futures edged lower Wednesday, after sanctions against Russia were seen doing little to crimp supplies of crude. But analysts said the measures announced, and remarks by Biden administration officials, have lowered concerns about sanctions affecting the flow of crude oil. President Joe Biden on Tuesday said the U.S. was sanctioning two Russian banks as well as the country’s sovereign debt, as he blamed Moscow for what he called the beginning of an invasion of Ukraine. Germany halted the certification of the Nord Stream 2 pipeline, which was slated to boost flows of natural gas from Russia to Western Europe.
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