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flag U.S. sanctions on Russian oil firms pushed prices up over 4%, hitting a multi-week high.

flag Oil prices surged over 4% on Thursday, reaching their highest level in weeks, following new U.S. sanctions targeting major Russian oil companies. flag The move, part of ongoing Western efforts to pressure Russia over its war in Ukraine, disrupted global energy markets. flag Investors also reacted positively to renewed hopes of a trade deal between the U.S. and China, boosting stock markets and supporting commodity prices.

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