Oil gains on US government shutdown optimism

Group 1 - Oil prices increased due to optimism surrounding the potential end of the U.S. government shutdown, which could boost demand in the U.S., the world's largest oil consumer [1][2] - Brent crude futures rose by 50 cents (0.79%) to $64.13 per barrel, while U.S. West Texas Intermediate crude increased by 53 cents (0.89%) to $60.28 per barrel [1] - The U.S. Senate's progress on measures to reopen the federal government has restored risk appetite in the markets [2] Group 2 - Concerns arose regarding the impact of flight cancellations on U.S. jet fuel demand, with over 2,800 flights canceled and more than 10,200 delayed on a single day [3] - Brent and WTI crude prices fell approximately 2% the previous week due to fears of a supply glut, despite OPEC+ agreeing to a slight increase in output for December [4] - Crude inventories in the U.S. are rising, and the volume of oil stored on ships in Asia has doubled recently, influenced by Western sanctions affecting imports to China and India [5] Group 3 - Russia's Tuapse oil refinery has suspended fuel exports following drone attacks, and Lukoil is facing disruptions as a U.S. deadline approaches for companies to cease business with it [6]