OMVJF - Marathon Oil Continental Resources Devon Energy rise as crude tops $100

For now, the western reaction to the unfolding situation in Ukraine will likely be limited to economic sanctions. U.S. and European diplomats have been working for weeks on a coordinated sanctions package that is set to be rolled out in the coming days, though initial measures will be announced today as President Biden delivers remarks from the White House. On the menu: The sanctions will target the families of Putin's inner circle, prohibiting them from traveling to the west and freezing their assets in western banks. Russian institutions and retail banks will also be cut off from Western finance, while export controls will be imposed on advanced technology like semiconductors and aircraft parts. Meanwhile, the Biden administration slapped sanctions on the Nord Stream 2 AG company and its corporate officers, but that was after Germany halted the pipeline which was designed to double the amount of its gas imports. Note:

For further details see:

Marathon Oil, Continental Resources, Devon Energy rise as crude tops $100