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Euronews
Euronews
Una Hajdari

Brent surges as US sanctions suffocate Russian oil flows

United States Oil Russia Rosneft European Union Kremlin Lukoil Ukraine

Oil prices surged on Thursday after the US administration announced sweeping sanctions targeting Russia’s two largest oil companies, Rosneft and Lukoil.

The international benchmark, Brent crude, rose by 5.24% to around $65.87 per barrel at around midday, building on a 2% gain the previous day. WTI, meanwhile, rose by 5.68% to $61.82.

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