Oil spikes to seven-year high as markets avoid Russian supply
Supply disruption fears mount following hefty sanctions on Russian banks
Supply disruption fears mount following hefty sanctions on Russian banks
Glut in oil comes as travel stops and economic activity stalls
Futures plunged to negative territory on Monday, leading to scramble for storage
Oil and gas company Falcon is accused of offering contracts for changes to fracking law
Opec output cuts, Iran tensions help support prices
OPEC and 10 other producers have cut oil output by about 1.8m barrels per day since January
Doubts linger that planned output cut by Opec can rein in global production
BP to cut 4,000 jobs and Petrobras slashes spending amid fears of 1980s-style slump
IEA and Goldman lower price forecasts on over-supply and economic worries
Prices rise to as high as $10 this month due to concerns over potential supply disruption
Company joins ExxonMobil, Statoil and Royal Dutch Shell as it explores oil blocks in West Siberia
But investors look ahead to weekly oil inventories data from the US to assess supply
Signs of a thawing in relations between the US and Iran also weighing on oil prices
Prices still on track for biggest monthly gain in a year as production in Iraq, Nigeria falls
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