America’s new sanctions on Russian oil may be biting too late

When the sanctions were unveiled, the Brent crude oil price was about $US66 a barrel, with that of Russia’s flagship product, Urals crude, trading at about $US57.5 a barrel. Last week, with the Brent price about $US65 a barrel, the Urals price sank as low as $US36.61 a barrel.LoadingReuters…


Click here to view the original article.