From Financial Modeling Prep: 2025-01-13 04:50:13

Oil prices surged on Monday, with Brent crude hitting over $81 per barrel due to U.S. sanctions disrupting Russian exports to major buyers like China and India. Brent rose to $81.23, WTI to $78.12, reflecting a 6% increase since January 8.

U.S. Treasury’s sanctions target key Russian oil producers and vessels, affecting 25% of Russia’s oil exports (1.7 mb/d). China and India may seek alternative suppliers, raising global shipping costs and crude prices.

Goldman Sachs forecasts Brent crude to stay above $70-$85 due to disruptions. Sector P/E Ratio API and Sector Historical Overview API offer insights into energy sector valuations and market trends amid geopolitical tensions.



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