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Oil Jumps as Trump Steps Up Pressure on Russia With Sanctions

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Oil Jumps as Trump Steps Up Pressure on Russia With Sanctions

Oil soared after the US announced sanctions on Russia’s biggest oil companies, threatening supplies from one of the world’s top producing countries. West Texas Intermediate jumped as much as 6.2% to trade above $61 a barrel, heading for the biggest one-day gain since the start of the Israel-Iran conflict on June 13. The US blacklisted ...

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