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Oil climbs on expectations of tight supply as Russia sanctions loom

Por: CNBC Business October 24, 2022

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Oil-storage tanks are seen from above in Carson, California.Robyn Beck AFP Getty ImagesOil rose in early Asian trade on Monday as expectations of tighter supplies globally ahead of European Union sanctions on Russian oil underpinned prices. futures climbed 54 cents, or 0.6%, to $94.04 a barrel by 0125 GMT while was at $85.56 a barrel, up 51 cents, or 0.6%.Brent posted a 2% gain last week on a weaker dollar and on hopes of easing Covid-19... + full article



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