Oil prices will remain volatile as Russia tussles with Ukraine.
Even still, some buyers of Russian oil are still shying away from purchases and seeking other alternatives, Liptow told FOX Business.
Biden did hit Russia with new sanctions that will impact its ability to do business in major currencies. Sanctions were also brought against banks and state-owned enterprises.Fox News' Andrew Mark Miller, FOX Business' Ken Martin and the Associated Press contributed to this report.
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