SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Crude oil futures end higher after Joe Biden announces ban on import of Russian energy products

09 Mar 2022 Evaluate

Crude oil futures ended sharply higher on Tuesday, magnifying their many previous sessions’ rally, on concerns about global oil supply after US President Joe Biden announced a ban on import of Russian energy products. Biden said the decision to ban Russian energy products was taken after close consultation with allies around the world, particularly in Europe. Earlier, the United Kingdom announced its own restrictions on buying Russian oil imports, saying it will phase out the country's imports by the end of the year. The European Union also unveiled a plan to wean itself off of Russian fossil fuels.

Benchmark crude oil futures for April delivery rose $4.30 or 3.6 percent to settle at $123.70 a barrel on the New York Mercantile Exchange. Brent crude for May delivery surged $5.52 or 4.5 percent to settle at $128.73 a barrel on London's Intercontinental Exchange.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: