Oil climbs nearly 1% on drop in Russia exports, Red Sea jitters

SINGAPORE - Oil prices rose nearly 1 percent in early Asian trade on Monday, supported by lower exports from Russia and as attacks by the Houthis on ships in the Red Sea raised concerns of oil supply disruption. Brent crude futures climbed 69 cents, or 0.9 percent , to $77.24 a barrel by 0037 GMT, while U.S. West Texas Intermediate crude was at $72.08 a barrel, up 65 cents, or 0.9 percent . "The bad weather in Russia has played a part in the stronger open this morning as has the Houthis attack on ships close to Yemen," IG analyst Tony Sycamore said. Russia said on Sunday it would deepen oil export cuts in December by potentially 50,000 barrels per day or more, earlier than p...Keep on reading: Oil climbs nearly 1% on drop in Russia exports, Red Sea jitters

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