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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Oil Rises $1 on Russian Supply Worries; US Storm Impact in Focus

United States Oil Russia Arctic Texas
An oil platform operated by Lukoil company is pictured from a helicopter carrying members of a local election committee and journalists during the early voting for the parliamentary election, at the Kravtsovskoye oilfield in the Baltic Sea, Russia September 16, 2021. (Reuters)

Oil prices rose more than $1 on Friday on expectations of a drop in Russian crude supply, which helped offset worries of a hit to US transport fuel demand growth as a looming Arctic storm threatens travel during the holiday season.

Brent crude was up by 73 cents, or 0.9%, to $81.71 a barrel by 0715 GMT, while US West Texas Intermediate (WTI) crude was at $78.40 a barrel, up 91 cents, or 1.2% higher.

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