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

March 31, 2022 7:20 AM

NEW YORK (REUTERS) – Oil prices gained about 3 per cent on Wednesday (March 30) as another US 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.

Source : https://www.straitstimes.com/business/companies-markets/oil-up-3-on-tight-supply-prospects-of-new-russia-sanctions