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Economy Country 2026-03-13T04:29:31+00:00

US Allows Russian Oil Purchases, Prices Drop

Oil prices fell slightly on Friday morning after the United States issued a 30-day license for countries to purchase Russian crude oil and petroleum products currently stranded at sea. This eased concerns about supplies.

US Allows Russian Oil Purchases, Prices Drop

Oil prices fell slightly on Friday morning after the United States issued a 30-day license for countries to purchase Russian crude oil and petroleum products currently stranded at sea. This eased concerns about supplies. The news had a positive market reaction as the decision helped avoid a temporary shortage. Experts believe this is a temporary measure, and long-term effects depend on future actions.

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