Crude oil spikes most in three months as new Russia oil sanctions ‘taken more seriously’

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Jan. 10, 2025 7:45 PM ETUnited States Oil Fund, LP ETF (USO), CL1:COMCEG, EIX, UCO, XLE, PLUG, FRO, CNX, NAT, SMG, CLNE, NRT, DBO, CMP, UNG, EDN, FCG, BIL, USL, TOPS, SCO, UNL, BNO, LTBR, KGEI, VTLE, KOLD, GUSH, DRIP, INSW, METC, ASTI, EQX, MP, CO1:COM, NG1:COM, VZLA, MAXN, ZIM, OKLO, FTCI, NMG, WAVE, CRML, BNRG, ZEOBy: Carl Surran, SA News Editor
Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

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Crude oil futures rallied to fresh three-month highs Friday, after the Biden administration broadened sanctions on Russian oil, potentially affecting global supplies, while winter weather lifts demand for heating fuels and threatens production freeze-offs.

The U.S. Treasury Department announced sanctions targeting


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