Oil surges as U.S. bans Russian crude, Britain to phase out purchases (Reddit Bitcoin)

Originally published at: https://www.channel-sea.cc/oil-surges-as-u-s-bans-russian-crude-britain-to-phase-out-purchases-reddit-bitcoin/

(Reuters) -Oil prices settled around 4% higher on Tuesday as the United States banned Russian oil imports and Britain said it will phase them out by year end, decisions expected to further disrupt the global energy market where Russia is the second-largest exporter of crude. Oil prices have surged more than 30% since Russia invaded…