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Oil surges 5% on US sanctions on Russia's Rosneft, Lukoil
Business Standard
|October 24, 2025
Oil prices rose nearly 5% on Thursday after the US imposed sanctions on major Russian suppliers Rosneft and Lukoil over Russia's war in Ukraine, extending gains from the previous session.
Brent crude futures were up $3.26, or 5.21%, at $65.8 a barrel, while US West Texas Intermediate crude futures were up $3.24, or 5.54%, at $61.74 at 9:30 p.m. IST.
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