Crude oil prices made another dramatic jump on Tuesday after President Trump doubled-down on his sanctions threat against Russia over its war in Ukraine.\n\nPrices shot up more than 3% after the President said he will start imposing tariffs and other measures against Russia “10 days from today” if Moscow did not make steps to end the war.\n\nIn addition, U.S. Treasury Secretary Scott Bessent told Chinese leaders they could face higher tariffs if Beijing continued making oil purchases from Russia.\n\nGlobal standard Brent crude rose $2.47 a barrel or 3.53% to finish at $72.51 a barrel.\n\nWest Texas Intermediate crude in the U.S. increased $2.50 or 3.75% and settled at $69.21 a barrel on the New York Mercantile Exchange.\n\nIt was the highest close for each benchmark since June 20.\n\nJust as crude oil prices grew by more than 3%, Oklahoma energy stocks recorded a strong trading day on Tuesday. Unit Corporation gained nearly 6% while many others had 1% and 2% improvements for the day. There was one exception. Empire Petroleum plunged nearly 5% for the day.\n\nAlliance Resource Partners LP 27.32 USD−0.17 (0.64%) Coterra Energy Inc 24.22 USD+0.41 (1.72%) Devon Energy Corp 34.22 USD+0.13 (0.38%) Empire Petroleum Corp 4.90 USD−0.25 (4.85%) Expand Energy Corp 99.37 USD+1.24 (1.26%) Gulfport Energy Corp 172.24 USD+3.68 (2.18%) Helmerich and Payne Inc 17.23 USD−0.27 (1.54%) LSB Industries Inc 8.71 USD+0.080 (0.93%) Mach Natural Resources LP 15.57 USD+0.100 (0.65%) Mammoth Energy Services Inc 2.68 USD−0.050 (1.83%) Matrix Service Co 15.82 USD+0.22 (1.41%) OGE Energy Corp 44.91 USD+0.70 (1.58%) ONE Gas Inc 72.76 USD+0.58 (0.80%) ONEOK Inc 83.47 USD+1.66 (2.03%) Ovintiv Inc 42.90 USD−0.020 (0.047%) SandRidge Energy Inc 10.72 USD+0.13 (1.23%) Stardust Power Ord Shs 0.46 USD+0.0011 (0.24%) Unit Corp 28.28 USD+1.48 (5.52%) Vital Energy Inc 20.39 USD+0.57 (2.88%) Williams Companies Inc 58.89 USD+1.38 (2.40%)

Trump warns Putin and it sends crude oil prices up nearly 4%

President Trump's threat to impose sanctions on Russia over its war in Ukraine drove crude oil prices up 3.53% for Brent crude and 3.75% for West Texas Intermediate crude, marking the highest closes for both benchmarks since June 2025. The surge was accompanied by strong performance in Oklahoma energy stocks, with Unit Corporation rising 5.52% and Empire Petroleum plunging 4.85%.