Crude Oil Futures Head for Largest Weekly Gain in Three Months

Prices surge as Russia enforces fuel export restrictions, tightening global supply conditions.

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Terms & Concepts
  • Futures Contract: A standardized legal agreement to buy or sell a commodity at a predetermined price at a specified time in the future.
  • Fuel Export Restrictions: Government-imposed limits on the quantity or type of fuel allowed to be exported, often used to manage domestic supply and prices.