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18 April 2024

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Oil rises on Russia sanctions fears; oversupply worries cap gains

02-10-2025 10:47 AM


Ammon News - Oil prices rose on Thursday following losses in the previous three sessions as the potential for tighter sanctions on Russian crude lent some support, though concerns about oversupply in the market capped gains.

Brent crude futures gained 20 cents, or 0.31%, to $65.55 a barrel at 0631 GMT. U.S. West Texas Intermediate crude climbed by 20 cents, or 0.32%, to $61.98 a barrel.




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