0914 ET - Crude futures are following up yesterday's gains as the market weighs the disruption of flows through a pipeline in southern Russia, the possibility of OPEC+ delaying plans to unwind output cuts, and new tariff threats from President Trump. "The combination of U.S.-Russia sanctions and OPEC's potential extension of production cuts beyond April is adding further bullish momentum to crude prices," Razan Hilal of Forex.com says in a note. "Traders are positioning for uncertain impacts stemming from a mix of sanctions, tariffs, and geopolitical instability." WTI is up 1.1% at $72.61 a barrel and Brent is 0.8% higher at $76.46. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
February 19, 2025 09:14 ET (14:14 GMT)
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