Oil prices pull back after rising to their highest since August on Russia sanctions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2025
0mins
Source: MarketWatch
Oil Futures Decline: Oil futures fell on Tuesday after a three-day increase, influenced by new U.S. sanctions on Russia's oil industry that had previously raised crude prices to their highest since August.
Sanctions Details: The U.S. Department of Treasury imposed sanctions on two major Russian oil producers and 183 oil-carrying vessels, along with other related entities and officials, aiming to impact the Russian oil sector significantly.
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.
