After surging about 10 percent on Thursday, oil prices had little reaction to the decision by President Trump to waive sanctions on the sale of some Russian crude.
US Treasury Gives Green Light for Sale of More Russian Oil Bloomberg.comTrump Removes Sanctions on Russia to Help Oil Flow Amid Iran Conflict The New York TimesWhy Oil Prices Keep Soaring Above $100 After U.S. Lifts Sanctions on Russian Crude Barron'sUS eases Russia oil sanctions as Iran war pushes up energy prices BBCUS issues 30-day sanctions waiver for purchase of Russian oil at sea Reuters
The move is likely to be a boon to Russia as the United States tries to stem the economic fallout from its war on Iran as the price of crude has soared.
