Oil rises 5% after new US sanctions against Russia

by Andrea
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Brent and WTI futures contracts rise by more than US$ 2 per barrel this Thursday (Oct 23)

Oil prices rose around 5% this Thursday (23.Oct.2025), 1 day after the United States announced new sanctions against major Russian producers e to press for

The measure extended gains recorded in the previous session and boosted Brent and WTI futures contracts by more than US$2 per barrel. At around 11:30 am (Brasília time), a barrel of Brent rose 4.92%, trading at US$65.68, while US WTI rose 3%, to US$61.56, according to .

O brent and WTI are 2 of the main types of oil used as a reference for setting prices in the global market. Understand:

  • brent is oil extracted from the North Sea, between the United Kingdom and Norway. It is the most used standard internationally, especially in Europe, Asia and Africa;
  • WTI (West Texas Intermediate) is a type of light and sweet oil produced mainly in the United States, being the most common reference for the North American market.

Both serve as the basis for oil futures contracts, but have small differences in quality and location, which can influence their prices.

UNDERSTAND

The sanctions make it difficult for refiners in China and India to buy Russian oil, at the risk of exclusion from the Western banking system, forcing these countries to look for alternative suppliers.

India, the biggest seaborne buyer of Russian oil, has signaled a reduction in imports, with Reliance Industries, the main buyer, planning to reduce or suspend such purchases.

In addition to the USA, Great Britain and the European Union adopted restrictive measures against the Russian energy sector, expanding the economic siege on Moscow.

Despite the immediate impact, analysts at Investing They say that, for now, sanctions applied since the start of the war have not significantly reduced Russian oil production or revenues.

High production also maintains pressure to limit price increases. The drop in American oil stocks also contributed to the rise in prices.

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