Western sanctions against Russia
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Oil Poised for Modest Weekly Gain as Russian Supply Risks Remain in Focus
Barronsยท 2025-09-19 09:09
Group 1 - Oil prices are on track for a modest weekly gain, with Brent crude down 0.2% to $67.28 per barrel and WTI down 0.4% to $62.99 per barrel, both benchmarks up only 0.5% this week [2][1] - The market sentiment is affected by a firmer U.S. dollar and ongoing uncertainty regarding Western sanctions against Russia [1][2] - Crude oil remains in a narrow trading range since early August, influenced by bearish fundamentals, including OPEC+'s accelerated output return [2]