Oil inches up, but uncertainty over sanctions impact caps gains
Oil prices rose on Wednesday trimming losses from the previous day, as the focus turned back to potential supply disruptions from sanctions on Russian tankers, though gains were capped as the market awaited more clarity on their impact.
Oil Edges Higher Amid Uncertainty About Effect of U.S. Sanctions
Oil prices were edging up as traders await more clarity on the effect of U.S. sanctions on Russia. Brent crude was up 0.4% at $80.22 a barrel, while WTI was up 0.5% to $76.74 a barrel. Further gains are also being capped by reports of a potentially imminent cease-fire deal between Israel and Hamas.
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On Friday, crude oil futures rose to price levels last seen in October 2024. What are the reasons behind the uptick in prices ...
WTI oil tests new highs as traders focused on potential supply disruptions from new U.S. sanctions on Russian oil. From the ...
Crude oil prices surge as U.S. sanctions on Russian oil disrupt global supplies, driving Brent crude above $81/bbl to the ...
Goldman Sachs is warning of potential upside risks to oil prices following U.S. sanctions on Russia's energy sector, with ...
Oil prices rose today, Jan. 15 as the US imposed stricter sanctions on Russia, which sparked concerns over potential ...
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