Oil prices rise on Russian restrictions ...News

Moscow has banned exports of gasoline and diesel to stabilize the domestic fuel market Global oil prices climbed higher on Friday as Russia’s ban on diesel and gasoline exports raised concerns about tightening supplies. Brent futures had climbed above $94 per barrel by 11:30 GMT, while US West Texas Intermediate crude (WTI) gained roughly 1% to trade over $90 per barrel. Both benchmarks were expected to see an insignificant weekly drop after gaining over 10% in the previous three weeks. On Thursday, the Russian government introduced a temporary ban on foreign sales of diesel and gasoline in order to stabilize the

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