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17h agoBrent crude climbs to $64 as U.S. sanctions tighten grip on Russian oil exports
Global crude prices extended gains, with Brent futures up 2.1% to $64.35 a barrel and WTI at $60.18 after fresh U.S. sanctions targeted Russia’s Rosneft and Lukoil. The move restricted Western firms from financing Russian exports, stoking supply concerns ahead of winter. Analysts said tightening output and geopolitical tension could keep Brent between $63–67 in the near term. Traders highlighted rising inventory drawdowns and stable OPEC compliance. Market sentiment remains cautious as global growth headwinds persist amid constrained refinery capacity and freight disruptions.
neutral
17h agoBrent crude climbs to $64 as U.S. sanctions tighten grip on Russian oil exports
Global crude prices extended gains, with Brent futures up 2.1% to $64.35 a barrel and WTI at $60.18 after fresh U.S. sanctions targeted Russia’s Rosneft and Lukoil. The move restricted Western firms from financing Russian exports, stoking supply concerns ahead of winter. Analysts said tightening output and geopolitical tension could keep Brent between $63–67 in the near term. Traders highlighted rising inventory drawdowns and stable OPEC compliance. Market sentiment remains cautious as global growth headwinds persist amid constrained refinery capacity and freight disruptions.
neutral
Brent crude climbs to $64 as U.S. sanctions tighten grip on Russian oil exports
about 17 hours ago
1 min read
83 words
Brent crude rose to $64 on U.S. sanctions against Russian producers, raising supply risks; analysts see prices stable near $63–67 short term.
Global crude prices extended gains, with Brent futures up 2.1% to $64.35 a barrel and WTI at $60.18 after fresh U.S. sanctions targeted Russia’s Rosneft and Lukoil. The move restricted Western firms from financing Russian exports, stoking supply concerns ahead of winter. Analysts said tightening output and geopolitical tension could keep Brent between $63–67 in the near term. Traders highlighted rising inventory drawdowns and stable OPEC compliance. Market sentiment remains cautious as global growth headwinds persist amid constrained refinery capacity and freight disruptions.
Global crude prices extended gains, with Brent futures up 2.1% to $64.35 a barrel and WTI at $60.18 after fresh U.S. sanctions targeted Russia’s Rosneft and Lukoil. The move restricted Western firms from financing Russian exports, stoking supply concerns ahead of winter. Analysts said tightening output and geopolitical tension could keep Brent between $63–67 in the near term. Traders highlighted rising inventory drawdowns and stable OPEC compliance. Market sentiment remains cautious as global growth headwinds persist amid constrained refinery capacity and freight disruptions.
Companies:
Rosneft
Lukoil
Tags:
commodities
crude oil
commodities
crude oil
russia
sanctions
energy
Source:
Oct 23, 2025 • 11:33 IST