FT. Oil prices rose more than $1 a barrel as investors, unnerved by US sanctions against Russia, ran to cover their positions ahead of the weekend. While the US sanctions gave rise to concerns about oil supply from Russia, more importantly, they raised questions on how Moscow would react and how that would affect international politics, said analysts.
"This is much more about the broader geopolitics," said Amrita Sen, chief oil strategist at consultants Energy Aspects.
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