Crude prices surge as US expected to ban Russian oil

Source: Pixabay

The price of Brent crude, the international benchmark, soared by more than five percent on Tuesday as President Joe Biden was expected to announce a US ban on Russian oil imports.

The price of a barrel reached $129.92 at 1430 GMT, an increase of 5.45 percent.


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Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.

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