UK rolls back Russian oil sanctions

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UK quietly eases Russian oil sanctions as fuel costs surge amid Iran war
The UK government has been accused of leaving Ukrainians “very let down” after it relaxed its sanctions on Russian crude oil. The UK had previously announced that it would block Russian oil refined in other nations in a bid to “further restrict the flow of funds to the Kremlin”.

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UK relaxes strict sanctions on Russian crude as oil costs soar
Starmer under fire for buying ‘dirty Russian oil’ after UK quietly eases strict sanctions
US waiver unlikely to lift Russian oil exports already near capacity
The renewed U.S. sanctions waiver regarding Russian oil exports ​is unlikely to materially increase Russia's exports as shipments are already running ‌close to infrastructure limits, traders said, cit...

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Starmer eases sanctions on Russian oil
Ukraine ally Britain eases new sanctions on Russian oil as fuel prices surge over Iran war
UK quietly issues sanctions waivers on Russian oil products
The waivers come on the same day that the Group of Seven (G7) published a statement reaffirming its "unwavering commitment" to put pressure on Russia, including sanctions on the energy sector and "act...

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UK to Delay Hike in Motor Fuel Tax to Ease Cost of Living
US again grants Russia oil sanctions waiver despite Treasury chief's pledges not to

Oil price today (May 21): Crude oil rises slightly after two days of fall as Iran-US issue fresh threats. What lies ahead?

Oil prices saw marginal gains as fresh threats between Iran and the US heightened concerns over the Strait of Hormuz closure. While Iran examines a new US proposal, President Trump indicated talks are on the "borderline" between a deal and renewed strikes.

Crude oil is going the long way around the world as countries scramble to plug Hormuz supply hole

The near-standstill at the Strait of Hormuz has forced countries to get much-needed energy products via routes that were relatively quiet only a few months ago.

Corn Facing Crude Oil Pressure on Wednesday

Corn futures are trading with 10 to 11 cent losses in the front months on Wednesday. The CmdtyView national average Cash Corn price is down 10 3/4 cents to $4.24 1/4. Crude oil losses of $6.27 is adding pressure as US and Iran negotiations are reportedly in the final
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U.S. Crude Oil Inventories Drop by Most on Record

The decline of 17.8 million barrels brings crude inventories to the lowest levels in nearly a year, according to data from EIA.

US draws down record volumes of crude oil from stocks, EIA says

The United States withdrew 17.8 million ​barrels of crude oil from its ‌inventories, the highest on record, the Energy Information Administration said on Wednesday, as the Iran war has ​cut global supplies and raised demand ​for U.
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Brent Crude vs. WTI: Key Differences in Oil Benchmarks

Peter Gratton, Ph.D., is a New Orleans-based editor and professor with over 20 years of experience in investing, economics, and public policy. Peter began covering markets at Multex (Reuters) and has expanded his coverage to include investments, ethics ...

Crude oil futures decline amid mixed signals on West Asia conflict

July Brent oil futures are at $110.76, down by 0.20%, and July crude oil futures on WTI are at $103.82, down by 0.18%

Crude Oil Prices Finish Sharply Higher Amid Tightening Global Supplies

June WTI crude oil (CLM26 ) on Monday closed up +3.24 (+3.07%), and June RBOB gasoline (RBM26 ) closed up +0.0588 (+1.59%). Crude oil and gasoline prices rallied sharply on Monday, with crude posting a 3-week high and gasoline posting a nearly 4-year nearest-futures high.