US Oil Surges on Trump Effect and Russia News

U.S. oil prices to three-month highs in early January 2025. This increase is primarily attributed to newly intensified U.S. sanctions on Russian oil exports, creating supply disruptions. Increased demand due to cold weather in the U.S. further exacerbated the price rise. While energy stocks rallied, analysts warn of potential market volatility due to conflicting factors like weak Chinese demand and the overall economic climate. The price increases are expected to impact inflation and consumer prices.