Oil prices rise ahead of Russian sanctions deadline
after close1 source ↓written by the desknot a recommendation
- Brent futures rose
- 0.25%
- a barrel
- $63.67
- Texas Intermediate climbed
- 0.29%
- $59.42
- amid oversupply concerns
- 2% drop
Oil prices increased in early Asian trade as traders prepare for the November 21 sanctions deadline on Russian oil. Brent futures rose 0.25% to $63.67 a barrel, while U.S. West Texas Intermediate climbed 0.29% to $59.42. This modest rebound follows a nearly 2% drop amid oversupply concerns and renewed diplomatic efforts regarding Ukraine.
Not investment advice. For informational purposes only.