Ukraine War Ups Pressure for US Oil; Industry Faces Hurdles 9and10news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 9and10news.com Daily Mail and Mail on Sunday newspapers.
BILLINGS, Mont. • In the oil fields of northern Montana, industry veteran Mac McDermott watched crude prices whipsaw from $75 a barrel in January to more than $120 as Russia
In the oil fields of northern Montana, industry veteran Mac McDermott watched crude prices whipsaw from $75 a barrel in January to more than $120 as Russia pressed its war in Ukraine, then down again when coronavirus worries in China raised the specter of a global slowdown.
President Joe Biden s move to ban Russian oil imports over its invasion of Ukraine was met with Republican demands to boost U.S. production to address high gasoline prices.