Oil extends rally on prospect of fresh Russia sanctions

  • Energy
  • Tuesday, 05 Apr 2022

SINGAPORE: Oil futures rose on Tuesday as the United States and Europe planned new sanctions to punish Moscow over alleged war crimes by Russian troops in Ukraine, raising concerns of tighter global supply, while Iran nuclear talks stalled.

Brent crude futures rose $1.87, or 1.7%, to $109.40 a barrel, while U.S. West Texas Intermediate futures were up $1.83, or 1.8%, at $105.11 a barrel at 0615 GMT.

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Brent , WTI , Russia , sanction


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