BREAKING: US will impose an embargo on Russian oil, gas and coal

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According to rumors that appeared on Friday, the US is to decide to impose an embargo on Russian oil, gas and coal. The US imports relatively little of Russian energy resources, so this is only a symbolic move. The EIA reports that Russian petroleum products and crude oil accounted for only 8% of all imports last year (it is worth remembering that the US is also a net exporter of crude oil and petroleum products). Crude oil is gaining approx. $ 2 on this news. More importantly, the US is to impose an embargo without the participation of European countries.

Oil gains after information on the Russian oil embargo. Source: xStation5

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