TODAY’S CRUDE OIL NEWS UPDATE| ENERGY NEWS| NEWS BY MCXTRADEGURU| Tradetips| Trade WithTrade Guru|MCXTRADEGURU| https://www.mcxtradeguru.com| 6398369121

Oil gains on Russian supply cut worries, but higher US inventories weigh.

Brent crude futures rose 61 cents, or 0.7%, to $82.82 per barrel by 0215 GMT. West Texas Intermediate crude futures (WTI) rose 63 cents, or 0.8%, to $76.02 a barrel.

Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the United States.

Brent crude futures rose 61 cents, or 0.7%, to $82.82 per barrel by 0215 GMT. West Texas Intermediate crude futures (WTI) rose 63 cents, or 0.8%, to $76.02 a barrel.

Both benchmarks ended Thursday about 2% higher on Russia’s plans to cut oil exports from its western ports by up to 25% in March which exceeded its announced production cuts of 500,000 barrels per day.

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