Oil prices give up overnight gains after US bans import of Russian crude

Oil prices turned lower Wednesday morning, following President Biden's ban on imports of Russian crude.

U.S. crude rose more than 2% during overnight hours before giving back gains.

U.S. West Texas Intermediate (WTI) crude futures were down $1.73 at $121.80 a barrel, after surging 3.6% on Tuesday.

Brent futures were fell $1.54 at $126.46 a barrel, after jumping 3.9% the previous day.

Americans will feel pain, too — at the gas pump - Biden acknowledged, declaring, "Defending freedom is going to cost."
 
video by is licensed under

Help FAIRtax Become The Number One Issue in 2025

Enacting the FAIRtax must be a prominent topic in these times. We did it before, we can do it again, but we need your help!

Help out with a One-Time Contribution

Your gift of $25, $50, $100 – even $1,000 or more if you can possibly spare it – will help FAIRtax.org bring an end to the IRS and promote a FAIRtax. So, I urge you, please give as generously as you can.

Billing information (REQUIRED)

Payment information (REQUIRED)

To donate by check:
Americans for Fair Taxation
PO Box 4929
Clearwater, FL 33758

If you need to make changes for any reason to your existing Monthly Donation or if you have a question about any charge, Please email info@FAIRtax.org or call ‭(800) 324-7829‬‬
Provide ONLY your name and phone number, do not provide any card info.

Please Note that inputting your new information at our website won't update your account.

Thank you for your support!


Americans for Fair Taxation® is a 501(c)(4) non-profit, non-partisan grassroots organization solely dedicated to replacing the current income tax system with a fair, simple and transparent national consumption tax – the FAIRtax® Plan. We rely entirely on contributions from concerned citizens like you who want a tax system that will generate jobs and stimulate the economy. Welcome to the FAIRtax team!

Connect

Share

© 2014 - 2025, FAIRtax, all rights reserved
Privacy Policy | Terms of Use