Oil price jumps and FTSE 100 reaches record high after Trump sanctions Russian producers
The Guardian – World —
Assets in US belonging to Rosneft and Lukoil frozen as shares in Shell and BP rise by 3%Business live – latest updatesOil prices jumped and energy companies helped the FTSE 100 to a record high after Donald Trump announced new sanctions on Russia’s biggest oil producers.Brent crude increased by 5.2% to $65.83 a barrel – a two-week high – after the news of the fresh restrictions on Moscow’s two biggest oil companies, Rosneft and Lukoil, as the US president ramps up pressure on Vladimir Putin to end the war in Ukraine. Continue reading...