Oil eases after surging in previous session on Russia’s sanctions Posted on May 12, 2022 by cngpump On Wednesday Russia sanctioned 31 companies based in countries that imposed sanctions on Moscow after Russia invaded Ukraine in February. Related posts: Russia increases its emergency spending fund by $3.5 billion Oil prices rise 1 per cent after sinking in previous session India: Sudden halt to Russian oil imports would hurt citizens IEA fears global crude oil supply ‘shock’ over Russia sanctions Mercedes looking at energy options should Russia turn off the gas: CEO Oil price falls below $100, eases pressure on oil marketing companies EXPLAINER-What would happen if Europe sanctions Russian oil? Putin says western sanctions will disrupt food, energy markets Oil price falls 5 per cent, cools down from Russian oil shock rally Bulgaria says will veto EU oil sanctions on Russia if it does not get derogation