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New Russia sanctions have sent ripples through global oil markets.

From Marketplace, I'm Surrey Beneshaw, in for David Bruncaccio.

The price of a barrel of Brent crude oil is at about $66 this morning.

That is about 6% higher than it was before President Trump announced new sanctions on a couple of Russian oil companies Wednesday.

Marketplaces Matt Levin has more on how the global oil market is responding.

The stock market usually doesn't freak out anymore when the Trump administration announces new tariffs,

partly because there's a good chance those tariffs get rolled back or softened.

Abi Regendrin at Rice University Center for Energy Studies says global oil traders have applied that lesson to these sanctions.

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