an experimental experience

Loading
Loading...

0

0

Oil climbs, stocks yo-yo as US bans Russian crude imports

3/8/22 at 12:02pm

Organization

OC Register

11 words

Article

1

Summaries

0

Comments

Best summary

Based on community engagement

137 words by API: AylienTextApi

almost 4 years ago

By STAN CHOE NEW YORK (AP) — Stocks yo-yoed, oil prices climbed and the price of nickel surged so much that trading for it was shut on Tuesday, as the U.S. banned imports of oil from Russia and the economic fallout from its invasion of Ukraine kept rocking markets. After President Joe Biden’s announcement of the Russian oil ban, the price of a barrel of U.S. crude rose 3.6% to settle at $123.70. But oil prices did not climb as high as they did a day earlier, when worries flared about a possible ban and U.S. oil’s price touched $130.50. The U.S. ban on Russian oil imports is the latest move by governments and companies around the world to squeeze Russia’s finances following its attack of Ukraine.

https://www.ocregister.com/2022/03/08/oil-climbs-stocks-yo-yo-as-us-bans-russian-crude-imports/

Create an account or login to join the discussion