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Benzinga
Benzinga
Business
Piero Cingari

Trump's Sanctions On Russia Spark Oil Rally: 10 Energy Stocks Take Off

Oil Donald Trump Russia United States Scott Bessent Lukoil Rosneft
Us,President,Donald,Trump,And,Russian,President,Vladimir,Putin,Are

A fresh wave of U.S. sanctions on Russia's largest oil companies, ordered by President Donald Trump, jolted energy markets back to life on Thursday—sparking a crude rally and lifting battered American oil stocks sharply higher.

West Texas Intermediate (WTI) crude futures jumped over 5% to trade above $61 per barrel by 8:30 a.m. ET, reversing from a Monday low of $56 that had marked the weakest price since April 2025.

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