Crude hits $130: U.S. may go at Russia oil ban alone, at least initially

Mar. 07, 2022 3:51 AM ETBrent Futures (CO1:COM), CL1:COM, USO, UCODBO, USL, UGA, SCO, BNO, OILK, USOI, USAI, NRGU, NRGD, NRGO, NRGZ, YGRN, OILBy: Yoel Minkoff, SA News Editor230 Comments

Graph of growth and increase in prices for oil production on the exchange market. Oil pump against the background of a purple sky and the growth of financial quotes, futures, charts. Double exposure.

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As pressure builds to sanction Russia, the Biden administration is inching closer towards a ban on the import of Russian oil and energy products. Brent (CO1:COM) touched nearly $140 a barrel on the news overnight, while

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