Oil jumps on expectations new US sanctions to cut Russian supply


SINGAPORE: Oil prices extended gains for a third session on Monday, with Brent rising above $81 a barrel to its highest in more than four months, as wider U.S. sanctions are expected to affect Russian crude exports to top buyers China and India.

Brent crude futures climbed $1.48, or 1.86%, to $81.24 a barrel by 0113 GMT after hitting an intraday high of $81.49, the highest since Aug. 27.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Oil , petroleum , Brent , WTI , crude , Opec

Next In Business News

Gold drops 1% as markets assess Mideast ceasefire prospects
Margma urges relief measures amid NBR shortage due to Hormuz blockade
Berjaya Sompo appoints Soo Wai Har as CEO
Golden Destinations eyes RM90mil from ACE market IPO, to allocate RM50mil for new HQ
Philippine central bank holds rate at 4.25% as inflation risks rise
CIMB named best retail, SME bank in Malaysia by The Asian Banker
Stocks slide, oil gains with Mideast ceasefire prospects centre stage
Fresh growth opportunities open for MNCs
George Kent redeems RM132mil sukuk
Aemulus wins RM10.5mil order, marks debut in India

Others Also Read