Oil prices pull back after hitting 4-month highs on Russia sanctions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2025
0mins
Source: MarketWatch
Market Reaction: Oil futures declined after reaching four-month highs due to a three-day rally influenced by new U.S. sanctions on Russia's oil industry.
Sanctions Details: The U.S. Department of Treasury imposed sanctions on two major Russian oil producers, Gazprom Neft and Surgutneftegas, along with 183 oil-carrying vessels and various energy officials.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
