Crude oil prices rise amid U.S. sanctions on Russia
after close1 source ↓written by the desknot a recommendation
- to settle
- 1.41%
- due to new
- ₹5,403
- in August
- 13.8 million barrels per day
Crude oil prices increased by 1.41% to settle at ₹5,403 due to new U.S. sanctions on Russian producers Rosneft and Lukoil. Despite this, concerns about oversupply persist as U.S. oil output reached a record 13.8 million barrels per day in August. Market sentiment remains cautious ahead of upcoming OPEC and IEA reports.
Not investment advice. For informational purposes only.