Oil set for biggest weekly gain in three months as Russia cuts fuel exports

(Reuters) -Ail prices rose on Friday, Ukraine’s attacks on Russia’s energy infrastructure, while pushing Moscow to restrict fuel exports and cut raw production, the most rowed since the beginning of June.

While Brent futures increased to $ 15 cents or 0.2%, 0100 GMT $ 69,57, the US West Texas Middle (WTI) raw futures transactions reached 23 cents or 0.4%and $ 65.21.

Both comparisons increased over 4% this week, the biggest increase since the end of June 13th.

“Gains were supported by the ongoing Ukraine drone strikes targeting Russian oil infrastructure, NATO’s warning to Russia, ready to respond to the future violations of the airspace and Russia’s lock fuel export,” Ig analyst Tony Symore said. He said.

Russian Deputy Prime Minister Alexander Novak said the country would bring a partial prohibition in diesel exports by the end of the year and extend an existing ban on gasoline exports.

The decline in the capacity of refining oil brought Moscow closer to reducing raw exit. A few Russian regions face problems of some fuel degrees.

In addition to Ukraine’s attacks on Russia’s energy infrastructure, both comparisons have reached the highest levels since August 1 this week, with a surprise drop in US weekly raw stocks.

Trade Department Economic Analysis Bureau said in a statement on Thursday, the US Gross Domestic Product, which limits some gains, increased by 3.8% in the last quarter of 3.8%.

More powerful economic data can make the Federal Reserve more cautious in reducing interest rates. The US Federal Bank has been the first segment since December and has decreased more.

The Kurdistan regional government announced on Thursday that oil exports will continue within 48 hours.

(Reporting by Sudarshan Varadhan; Editing by Edwina Gibbs)