Oil up 3% on tight supply, prospects of new Russia sanctions So Ring On: ALIYA GOYAL 9258147782

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Oil up 3% on tight supply, prospects of new Russia sanctions

 

NEW YORK (Reuters) -Oil prices gained about 3% on Wednesday as another U.S. crude stock drawdown indicated tight supplies and investors worried about new Western sanctions against Moscow with Russian forces continuing to bomb the outskirts of Ukraine’s capital.