Oil prices surge despite US lifting sanctions on Russian oil
Oil prices surged by Friday afternoon despite Donald Trump lifting sanctions on Russian oil in a bid to stabilise global energy markets and reports that an Indian tanker has sailed out of the Strait of Hormuz. Brent crude (BZ=F) futures rose nearly 1% to $101.41 a barrel, while West Texas Intermediate (CL=F) climbed 0.8% to…
