- Oil jumped to the highest level since 2011 Wednesday as Russia’s war on Ukraine escalates.
- OPEC and its allies opted to hold production steady despite the recent surge in prices that pushed oil above $100.
- “There’s no respite. This is a dramatic moment for the market and the world and supplies,” said John Kilduff, partner at Again Capital.
https://www.cnbc.com/2022/03/02/us-oil-jumps-to-highest-since-2013-tops-109-a-barrel.html
FIRST ON FOX: A conservative nonprofit on Tuesday announced a new billboard ad in New York City’s Times Square, urging President Biden to reject oil from Russia amid the country’s invasion in Ukraine.
“Hey Vlad. Screw You!” the billboard states. “Nyet to Russian Oil. Time for American oil. Drill more, pay less. C’mon Joe. This ain’t hard.”
https://www.foxbusiness.com/politics/times-square-billboard-biden-russian-oil