Energy markets dominated headlines Thursday as a fresh wave of U.S. sanctions targeting Russia's oil giants sparked a sharp rebound in crude prices and lifted energy shares.
On Wednesday, President Donald Trump's administration imposed sweeping restrictions on Rosneft and Lukoil, ramping up pressure on Russian President Vladimir Putin to agree to a ceasefire in Ukraine. The U.S. Treasury also warned it could impose secondary sanctions on foreign entities doing business with Russia's defense or energy sectors.
