Oil Stocks Jump After Russia Responds To Western Sanctions: What You Need To Know

Oil Stocks Jump After Russia Responds To Western Sanctions: What You Need To Know

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Oil prices climbed Friday after Russia announced a voluntary production cut of 500,000 barrels per day in March in response to Western price caps. Brent crude rose as much as 2.6% to trade above $86 a barrel, while West Texas Intermediate moved above $80 a barrel, sending the United States Oil ETF…

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