![West Texas Intermediate, the gauge that tracks US crude, jumped as President Joe Biden spoke about the US reponse to Russia's invasion of Ukraine. AFP](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/RKWLVMLRF7ZUOGHXLLP6MHMKIM.jpg?smart=true&auth=305659fe5d415dbd8ae1748595d6c43b328475db927d846dfad47c8dc6c2404a&width=400&height=225)
West Texas Intermediate, the gauge that tracks US crude, jumped as President Joe Biden spoke about the US reponse to Russia's invasion of Ukraine. AFP
West Texas Intermediate, the gauge that tracks US crude, jumped as President Joe Biden spoke about the US reponse to Russia's invasion of Ukraine. AFP
Oil prices jump as US bans Russian crude imports
The move is part of efforts to intensify sanctions against the world's second-largest energy exporter for its attack against Ukraine