Oil prices rose $ 3 today on expectations that the OPEC + group could accept a significant reduction in crude oil production when it meets this week, supported by rising demand and looming sanctions on the Russian oil sector.
Brent crude oil futures rose $ 3.3, or 3.3 percent, to $ 91.8 a barrel, after gaining more than 4 percent on Monday.
US crude oil futures also rose $ 3, or 3.2 percent, to $ 86.4 a barrel.
According to “Reuters”, a senior US Treasury official said Group of Seven sanctions against Russia will be implemented in three stages, first against Russian oil, then diesel and then low-value products.
The sanctions of the G7 and the European Union, which will be in two phases, are expected to start on December 5.
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