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The Street
The Street
By Martin Baccardax The threat of sanctions on Russian crude following its ‘full-scale’ invasion of Ukraine has U.S. oil prices topping $100 a barrel for the first time since 2014. U.S. oil prices soared past $100 per barrel for the first time since 2014 Thursday, while European natural gas prices surged more than 40% in the wake of Russia’s decision to launch a major invasion of neighboring Ukraine. Sanctions on the sale of Russian crude, the world’s second-largest supplier behind Saudi Arabia, are expected from Western leaders later today following the invasion, which could also disrupt key …