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U.S. weighs ban on Russian crude oil imports.

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Amid a growing bipartisan call from Congress, the Biden administration is “considering a range of options” but does not want to disrupt the global energy supply, White House press secretary Jen Psaki said. The administration is also communicating with the U.S. oil and gas industry on the impact such a move would have on both American consumers and the global supply, Bloomberg reported, citing people familiar with the matter.

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Seaborne crude flows averaged 3.12 million barrels a day over the four weeks to July 6, a 3% decline from the previous period ending June 29, according to tanker-tracking data compiled by Bloomberg. That's the lowest level recorded since the four-week period ending Feb. 23.

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