Oil prices surged by about 5% on Thursday after the United States imposed fresh sanctions on major Russian oil producers Rosneft and Lukoil in response to Moscow’s ongoing war in Ukraine, extending gains from the previous trading session. Brent crude futures rose $3.39, or 5.4%, to $65.98 a barrel at 1018 GMT, while U.S. West … Continue reading Oil Prices Jump 5% After New U.S. Sanctions Target Russian Energy Giants