Investing.com– Oil prices fell slightly in Asian trade on Tuesday, pulling back from a four-month high triggered by new U.S. sanctions on Russian oil exports and worries over supply disruptions.
At 20:02 ET (01:02 GMT),  were down 0.3% at $80.77 a barrel, and  expiring in March edged 0.3% lower to $77.12 a barrel.
Oil has rallied in the previous two sessions, and it ended at a four-month high a day earlier as the Joe Biden administration introduced its most comprehensive sanctions package to date on Friday last week, aimed at cutting into Russia’s oil and gas revenues.
US sanctions on Russian oil could push to $90/bbl
The U.S. Treasury’s latest measures target major Russian oil producers, including Gazprom (MCX:) Neft and Surgutneftegas, as well as 183 vessels involved in transporting Russian oil.
These developments are expected to significantly disrupt Russian oil exports, compelling major importers like China and India to…
