The North Sea crude oil, a benchmark in Europe, concluded the session at the Intercontinental Exchange trading at $1.10 above the $64.06 it closed with on Monday.
The Brent maintained this upward momentum, particularly since Thursday, when it initially rose to $62.96.
Analysts attribute this increase to the impact of U.S. sanctions on major Russian oil companies, already affecting Lukoil’s operations in Iraq, along with positive prospects of a near end to the federal government shutdown, which has become the longest in the country’s history.
