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Brent crude climbs to $64 as U.S. sanctions tighten grip on Russian oil exports
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Brent crude rose to $64 on U.
Global crude prices extended gains, with Brent futures up 2.1% to $64.35 a barrel and WTI at $60.18 after fresh U.S. sanctions targeted Russia’s Rosneft and Lukoil. The move restricted Western firms from financing Russian exports, stoking supply concerns ahead of winter. Analysts said tightening output and geopolitical tension could keep Brent between $63–67 in the near term. Traders highlighted rising inventory drawdowns and stable OPEC compliance. Market sentiment remains cautious as global growth headwinds persist amid constrained refinery capacity and freight disruptions.