Crude prices surge as US expected to ban Russian oil

The price of a barrel reached $129.92 at 1430 GMT, an increase of 5.45 percent.

AFP

March 08, 2022 / 20:30 IST

Representative Image

The price of Brent crude, the international benchmark, soared by more than five percent on Tuesday as President Joe Biden was expected to announce a US ban on Russian oil imports.

The price of a barrel reached $129.92 at 1430 GMT, an increase of 5.45 percent.

(This is a developing story, please check again for updates)

AFP

first published: Mar 8, 2022 08:30 pm

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