RUSSIAN SANCTIONS: OIL 5 MB/D
Crude-oil futures extended overnight gains in Asian trading hours Tuesday on indications of stronger U.S. oil demand and as European Union officials mull tighter sanctions against Russia.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in August traded at $105.09 a barrel at 0456 GMT, up $0.50 in the Globex electronic session. September Brent crude on London's ICE Futures exchange rose $0.24 to $107.92 a barrel.
U.S. refineries ran at 93.8% of capacity in the week ended July 11, the highest level for the week since 2005, according to the U.S. Energy Information Administration.
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