Oil Hits 11-Year High as Big Oil Dumps Russia, White House Mulls Energy Sanctions

The price of crude oil touched its highest level in nearly 11 years on Wednesday amid the ongoing Ukraine crisis which has roiled energy markets.

The WTI index, the U.S. benchmark index, surged to $112.09 per barrel, its highest level since May 2011, early Wednesday before receding near $108 per barrel, marketplace data showed. The global Brent crude benchmark approached $114 per barrel then dropped below $111 a barrel.

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Over 2,000 Ukrainian Civilians Reportedly Killed Since Invasion Began

Over 2,000 Ukrainian civilians have been killed since Russia first invaded the country on Feb. 25, Ukraine’s State Emergency Service said Wednesday, CNN reported.

“More than 2,000 Ukrainians died, not counting our defenders,” the service said in a statement, CNN reported. “Children, women and our defense forces are losing their lives every hour.”

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Metro Nashville Council Passes Resolution in Support of Ukraine, Former Councilman Steve Glover Praised

At their Tuesday, March 1 meeting, Metro Nashville Council unanimously passed a late-filed resolution in support of the people of Ukraine.

Originally sponsored by councilmembers Kathleen Murphy, Tonya Hancock, John Rutherford, Ginny Welsch, and Courtney Johnston, the late-filed resolution is a “resolution recognizing the Metropolitan Council’s support of the people of Ukraine.” Every councilmember present was added as a prime sponsor of the resolution.

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Biden, Allies Again Tap Emergency Crude Oil Stockpiles Amid Ukraine Crisis

President Joe Biden will join other Western nations in releasing a total of 60 million barrels of crude oil amid the Ukraine crisis, the coalition announced Tuesday.

Overall, 31 member nations of the International Energy Agency (IEA), including the U.S., agreed to coordinate the release, according to the Paris-based group. The decision was made in light of Russia’s invasion of Ukraine and its subsequent effects on global energy security.

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Ukraine, Russia Fail to Reach Ceasefire Agreement During Belarus Border Meeting

Ukrainian and Russian delegations met at the Belarus border Monday morning but as of Tuesday afternoon they had yet to reach an agreement in the ceasefire talks.

On a Sunday phone call with Belarusian President Alexander Lukashenko, Ukrainian President Volodymyr Zelensky agreed to send a delegation to meet with a delegation from Russia, announced a spokesperson for Ukraine’s president’s office, according to ABC News.

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Democrats, Environmentalists Stay Silent on U.S. Energy Independence Amid Ukraine Crisis

Democrats and environmental groups were silent when asked about the importance of U.S. energy independence in light of the energy market volatility caused by the Ukraine crisis.

Several Democratic leaders in the House and Senate who hold leadership roles on committees or subcommittees tasked with overseeing energy policy ignored requests for comment from the Daily Caller News Foundation on Friday about the importance of promoting U.S. energy independence. In addition, five major environmental groups chose not to address the issue or stayed silent when asked about the issue.

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