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Commodity News Details
Energy Preview: WTI crude oil extends gains amid supply disruption concerns
16-Sep-2025 09:15

WTI crude oil futures are extending gains above $63 per barrel on Tuesday morning in Asia after a potential supply disruption from Russia following Ukrainian drone attacks on its energy infrastructure and mounting US pressure on buyers of Russian crude. Media reports also suggest the European Union (EU) is weighing sanctions on companies in India and China that facilitate Russia's Oil trade as part of its latest package of restrictions. Besides, anticipated rate cut from the US Federal Reserve this week is also expected to boost oil demand. Currently, the counter is quoting at $63.42 per barrel, up 0.20% on the day.

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