Ukraine

Oil nears $94 per barrel

The price of oil is nearing $94 per barrel after the Energy Information Administration reported a larger-than-expected draw on inventories of over 2.1 million, jolting the crude market.

Oil spikes above $91 on supply concerns

The price of WTI and Brent crude oil continues to rise as Wall Street traders eye a deeper supply deficit in the fourth quarter after Saudi Arabia and Russia extended supply cuts.

More US sanctions against Russia coming soon

Deputy Treasury Secretary Wally Adeyemo says the United States and allies will hit Russia with more sanctions over its invasion of Ukraine that was launched in February 2022.