Oil markets have spent the first days of 2025 focused on storms and sanctions, with Biden doubling down on sanctions in his final days in office as oil prices climb.- Winter Storm Blair has hit the US Midwest, Plains, and Atlantic Coast with snowstorms and freezing temperatures, canceling nearly 2,000 flights across the country and sending oil and gas prices climbing.- Wholesale electricity prices across the US Northeast skyrocketed into triple-digit territory as the cold snap ratcheted up demand for power with ISO New England Massachusetts…
