Oil prices extend gains as US sanctions Russia’s Rosneft, Lukoil
Oil prices rose by more than $1 per barrel on Thursday, extending gains from the previous session, after the United States imposed sanctions on Russian oil companies Rosneft and Lukoil over the Ukraine war.
Brent crude futures were up by $1.76, or 2.81%, at $64.35 by 0041 GMT, and U.S. West Texas Intermediate crude futures were up $1.68, or 2.87%, at $60.18.
